Micron stock fell Monday on news of a federal civil antitrust lawsuit accusing it and two other memory-chip makers of price-fixing.

Samsung, SK Hynix, and Micron face lawsuits for alleged price-fixing of RAM amid soaring demand driven by AI advancements and rising device costs impacting global tech markets.

A California class action accuses the three memory makers of choking DDR3 and DDR4 supply.