Micron stock fell 8% as Chinese rival CXMT's IPO raised nearly $10B and surged 466%, rattling semiconductor investors despite Micron's record

Micron (NASDAQ:MU) shares dropped 7% on Friday as semiconductor stocks suffered a broad selloff, sending the PHLX Semiconductor Index (SOX) down...

CXMT is China’s biggest memory chipmaker and its debut comes amid an AI-driven demand boom that has boosted the stock price of its rivals Micron, Samsung and SK Hynix.

DRAM supplier's H1 earnings swing underscores pricing strength in sector

State-backed DRAM supplier rides AI boom to record IPO despite valuation concerns

CXMT's shares surge after raising $8.6 billion in Shanghai, highlighting China's push for self-sufficiency in memory chip technology.