Why Micron Stock Fell 17% Last Month

Micron Technology's stock fell 16.9% in October 2026 due to three main concerns: worries about rising competition from Chinese memory maker CXMT, investor panic over high AI infrastructure spending costs, and concerns about persistent inflation potentially leading to higher interest rates. However, the article argues this sell-off is likely a knee-jerk reaction, noting that demand for memory processors remains strong with major tech companies continuing to expand AI infrastructure investments.