Why Micron Stock Just Dropped Again
Micron (MU -3.89%) stock tumbled 5.5% through 1:30 p.m. ET Monday, and it’s not hard to guess why: The Chinese are coming to crash the semiconductor memory chip party. Image source: Getty Images. Gangway for CXMT Chinese chipmaker CXMT (short for “ChangXin Memory Technologies”) held one of the biggest IPOs in recent memory in China…