Micron Technology shares fell 5% to $942.21 in morning trading as CXMT, a privately held Chinese rival, said it plans to launch a denser server memory product by the end of this year, a move into the high-end server market where Micron competes directly. SanDisk fell 4% to $1,421.78 even though it has no server memory line, which the article attributes to sentiment spilling over across the memory group. The Roundhill Memory ETF (DRAM) dropped 5% to $51.73, while the Invesco QQQ Trust fell only 0.7%. This is the second straight session of losses for the group, and Micron recently reported record fiscal Q4 2026 results and guided the current quarter above that level.
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