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Micron stock falls below $1,000 after reports of CXMT server memory launch
Micron shares ($MU) dropped below $1,000 today following reports that Chinese memory maker CXMT intends to launch a new server memory product by the end of the year. The design is said to pack more memory onto smaller chips despite U.S. equipment restrictions. CXMT is expected to prioritize supplying its own data centers first. Analysts view the development as a longer‑term risk to DRAM pricing rather than an immediate threat to Micron's high‑bandwidth memory business.