Micron stock choppy as CXMT expansion sparks memory-market jitters

CXMT’s reported plan to build a second Beijing memory-chip plant spooked Micron investors at first, sending MU lower before an intraday rebound; analysts say the knee-jerk reaction may fade, but rising CXMT output could pressure memory prices amid AI demand, even though CXMT accounts for a small share of DRAM.