Why Micron Stock Keeps Going Down

Micron stock has declined nearly 30% over six trading days amid concerns about Chinese competition. Chinese chipmaker CXMT announced $1 billion in DRAM prepayments and is developing high-bandwidth memory (HBM) chips. However, CXMT faces significant challenges with only 20-30% yield rates on next-generation HBM3E products, suggesting limited near-term threat to Micron's market position where SK Hynix currently dominates.