What happened to Micron and other chip stocks that same week?
On July 15, 2026, Micron shares dropped 8% to $903.50 as fears intensified that China's ChangXin Memory Technologies (CXMT), now the world's fourth-largest DRAM maker and reportedly being tested by Apple, threatens its pricing power. Intel and AMD fell 6%, Marvell fell 7%, and the SOXX semiconductor ETF dropped 4%.
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TSMC Posted a Record Profit — Chip Stocks Had a Brutal Week AnywayTSMC's Q2 profit jumped 77.4% to a record NT$706.6B and it raised 2026 capex to $60-64B, the same week Micron's CXMT scare sent chip stocks lower.
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