Micron Technology (MU) stock fell 2.16% after reports indicated that Samsung is nearing Nvidia certification for its advanced HBM4 chips, intensifying competition in the AI memory market currently dominated by SK Hynix.
- MU closed down 2.16% at $391.02, underperforming broader market gains.
- Samsung is currently in the final qualification phase for the chips and is targeting mass production by February.
- Despite the competitive pressure, analyst sentiment remains positive, with 41 firms maintaining a Strong Buy rating (ABR 1.29).