Why Is Micron (MU) Stock Down 3.88% Today, Oct 12? CXMT’s Server-Memory Push Raises Competition Fears

Micron Technology (MU) fell 3.88% to $989.04 on October 12, 2026, as reports of Chinese DRAM competitor CXMT’s technology progress sharpened competitive concerns. This draft reviews the day’s drivers, key downside risks and the technical levels traders are watching.

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