Memory-Chip Stocks Micron, SK Hynix Drop After China Rival's IPO

Micron shares drop 8% as Chinese memory chip rival CXMT captures market attention

CXMT tripled global DRAM share (3%→8%) via $8.6–9.8B IPO, triggering sell-offs in Micron, AMD, Intel. DRAM oversupply risk reshapes AI infrastructure economics and exposes limits of US containment strategy toward China.