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Micron Slides as China Chips Threaten | Boise News
Description
Micron Technology just got dumped from the trillion-dollar club as its stock plummeted nearly 10%—now valued at $834 billion—thanks to a combo of fierce competition from SK Hynix, a surprise breakthrough by a Chinese chipmaker in ASML’s lithography tech, and geopolitical uncertainty involving U.S. policy, Apple, and global chip supply chains. Still, despite the slide, Micron’s stock is up a staggering 540% year-over-year—proof that even in turbulence, the chip giant’s long-term trajectory remains strong.
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