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Micron Stock Plunges Nearly 10% as Global Memory Chip Selloff Deepens Amid CXMT Threat Worldwide

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Micron Stock Plunges Nearly 10% as Global Memory Chip Selloff

Micron Technology shares tumbled sharply Tuesday, falling 9.96% to $810.55, losing $89.65 as a deepening global selloff in memory chip stocks continued to hammer the sector amid growing concerns about Chinese competition and cooling AI infrastructure spending sentiment.

The decline extends a brutal stretch for Micron shares, which had already fallen more than 10% in the prior session, marking one of the steepest two-day drops the stock has experienced this year despite the company’s continued strong underlying financial performance.

A Broad Selloff Across the Memory Sector

Micron’s decline was far from an isolated event, with virtually every major memory chip manufacturer facing similar pressure Tuesday. Major global memory giants generally slumped in pre-market trading, including Western Digital, SanDisk, Seagate and SK Hynix, all of which recorded losses ranging from 4% to 6%, indicating that capital was fleeing the entire memory chip sector rather than reacting to any single company’s news.

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The pressure originated overnight in Asian markets before spreading to U.S. trading. Japanese and South Korean stock markets suffered another heavy blow during the early Asian session, with Samsung falling more than 7% and SK Hynix dropping over 9%, while South Korea’s Kospi index fell sharply and triggered a trading halt as selling pressure intensified.

China’s Growing DRAM Ambitions Weigh on Sentiment

A central driver behind the selloff has been growing investor anxiety about how quickly Chinese memory manufacturers could scale up production and challenge established players like Micron. Micron shares slipped as new competition from CXMT heightened concerns over DRAM price pressure, following the Chinese chipmaker’s blockbuster Shanghai stock market debut a day earlier, in which shares closed up 466% from their offer price after the company raised approximately $8.6 billion in Asia’s largest initial public offering of 2026.

That IPO valued CXMT at close to $488 billion, providing the company with significant fresh capital for further expansion. Analysts say CXMT remains about one generation behind top memory makers, and continued U.S. export restrictions on cutting-edge manufacturing tools are expected to limit how quickly the company can catch up, particularly in high-bandwidth memory used for AI applications, even as it poses a more immediate threat in standard commodity DRAM.

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Investors Reassessing the Durability of the AI Memory Boom

Beyond the direct competitive threat from China, Tuesday’s selloff also reflects a broader reassessment among investors of how sustainable the extraordinary rally in memory stocks has been this year. Micron remains one of the biggest beneficiaries of the AI memory boom, but recent price action suggests investors are reassessing how long strong high-bandwidth memory demand, pricing power and hyperscaler spending can sustain the sector’s rally.

Analysts have also pointed to reports of Chinese progress in deep ultraviolet lithography technology as adding to the uncertainty. Deutsche Bank strategist Jim Reid told the Financial Times that renewed worries over AI infrastructure spending and lower-cost Chinese competition triggered another wave of selling across global semiconductor stocks.

Record Quarterly Results Failed to Halt the Slide

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Notably, Tuesday’s decline comes despite Micron having recently reported some of the strongest financial results in its history, underscoring how disconnected near-term stock price action has become from the company’s underlying business performance. Micron’s fiscal third-quarter revenue stood at $41.46 billion, with GAAP net income of $28.24 billion, while gross margin increased to 85%. Chief Executive Sanjay Mehrotra described the results as reflecting “the strategic value of memory in the AI era.”

A Company Executive’s Perspective on the Competitive Threat

Industry analysts covering Micron have suggested that the near-term stock reaction to CXMT’s rise may be overstating the actual competitive risk facing the company in the near term. For Micron shareholders, the scale-up of CXMT’s production is viewed by some analysts as more significant for its long-term implications than its initial valuation suggests, with Monday’s decline in shares anticipating a future increase in supply rather than signaling any immediate drop in current memory supply tightness.

Macroeconomic Pressures Add to the Selling

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Beyond the chip-specific concerns, broader macroeconomic factors have also contributed to the pressure on high-valuation technology stocks like Micron in recent sessions. A stronger-than-expected inflation reading has reignited fears of a more restrictive monetary policy stance from the Federal Reserve, which disproportionately affects high-beta technology stocks. As yields on longer-dated bonds have moved higher, the present value of future cash flows for capital-intensive companies like Micron is being discounted more aggressively by investors.

A Valuation Under Scrutiny

Some market analysts have also pointed to Micron’s elevated valuation multiples as making the stock particularly vulnerable to this kind of sentiment-driven pullback. Micron trades at a price-to-earnings ratio around 27, which is considered rich compared with historical memory-sector cycles, reflecting how the market has been pricing the company as an AI infrastructure winner, with a price-to-sales ratio near 15. When AI enthusiasm cools, analysts note, that kind of premium multiple tends to be exactly what traders target first.

Wall Street Analysts Remain Broadly Bullish Despite the Selloff

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Even amid the sharp pullback, several major Wall Street firms have maintained highly positive ratings and price targets on Micron stock in recent weeks. KeyBanc maintained an Overweight rating and raised its price target to $1,750 on July 14, while Cantor Fitzgerald raised its price target to $2,000 on June 29 after previously maintaining a $1,500 target in late June, both well above Micron’s current trading levels even after Tuesday’s decline.

A Pivotal Week Ahead for AI Spending Signals

Investors are looking to a series of upcoming events this week that could help clarify whether the current selloff reflects a temporary overreaction or a more durable shift in sentiment toward AI-related stocks. The Federal Reserve holds its policy meeting July 28-29, with a decision due Wednesday afternoon, while earnings from Microsoft, Meta, Amazon and Apple are also expected this week, with their capital expenditure plans likely to influence projections for AI-related memory demand going forward.

With Micron continuing to trade well above both its 100-day and 200-day moving averages despite the recent correction, some analysts maintain that the stock’s longer-term uptrend remains intact even amid the sharp near-term volatility. Whether Tuesday’s selloff proves to be a lasting reassessment of the AI memory trade or a temporary pullback within a longer bull run is likely to become clearer in the coming days, as this week’s Federal Reserve decision and major technology earnings reports offer further signals about the durability of AI-driven infrastructure spending heading into the second half of 2026.

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LGI: A Good Fund, But The Price Is Questionable

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LGI: A Good Fund, But The Price Is Questionable

LGI: A Good Fund, But The Price Is Questionable

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Shein discloses it’s under investigation by the FTC

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Shein discloses it's under investigation by the FTC
Shein says it’s under investigation by the FTC as it prepares for Hong Kong IPO

Shein’s U.S. business is under investigation by the Federal Trade Commission, the fast fashion giant revealed in documents connected to its upcoming Hong Kong IPO

In the filing, the Chinese-founded company didn’t say what the FTC is investigating, but the disclosure appears to be the first time the probe was made public. 

“We are actively cooperating with the FTC … Although it is possible that we may reach a settlement with the FTC in connection with the investigation, we currently cannot predict the probable outcome of the investigation and the timing of such outcome, and we cannot rule out that such outcome could occur in the near term,” Shein wrote in the document, filed with the entity that operates the Hong Kong Stock Exchange.

“The outcome of the investigation, whether in settlement or otherwise, may require us to make significant monetary payments that could have a material adverse effect on our financial condition and results of operations,” the company added.

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Shein and the FTC didn’t immediately return requests for comment from CNBC seeking additional information. 

GUANGZHOU, CHINA – JULY 14: A woman looks at her smartphone while walking past a SHEIN sign outside the company’s office on July 14, 2026, in Guangzhou, Guangdong Province, China.

Cheng Xin | Getty Images News | Getty Images

The FTC is the U.S.’s leading consumer protection agency with a mission to stop “deceptive or unfair business practices.” It has previously investigated companies for practices like suppressing bad reviews, hidden fees or misleading prices, shipping and refund practices and issues related to privacy and data, among many other issues.  

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One of the FTC’s areas of focus is “dark patterns,” which it describes as “design tricks and psychological tactics, such as pre-checked boxes, hard-to-find-and read disclosures, and confusing cancellation policies” to make consumers more willing to give up their money or data.

Shein is known to offer countdown timers, gamified discounts and flash sales, among other tactics, on its app to create a sense of urgency and get consumers to spend. 

In a 2022 report explaining dark practices, the FTC referenced countdown timers in general as one example of a common dark pattern.

Shein, which rose to global prominence after the Covid-19 pandemic, previously tried to go public in the U.S., but turned its ambitions to London and ultimately Hong Kong after facing extreme political pushback over its business practices. 

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Its listing in Hong Kong was recently approved, but it’s unclear when it will start trading.

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Color changes may impact flavor perceptions

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Color changes may impact flavor perceptions

Sensient’s colors and flavors businesses work together, CEO says.

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The 10 most overcrowded train services revealed

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  1. Thameslink: Bedford to Three Bridges via London St Pancras (176% at 08:09)

  2. West Midlands: London Euston to Crewe (170% at 17:46)

  3. Transport for Wales: Bridgend to Rhymney via Llanishen (161% at 16:45)

  4. South Western: Alton to London Waterloo (159% at 08:22)

  5. Thameslink: Bedford to Three Bridges via London St Pancras (155% at 08:24)

  6. South Western: Fareham to London Waterloo via Vauxhall (151% at 08:19)

  7. Thameslink: Epsom to London Bridge (150% at 08:28)

  8. South Western: Portsmouth Harbour to London Waterloo via Vauxhall (149% at 08:27)

  9. South Western: London Waterloo to Basingstoke via Vauxhall (147% at 17:50)

  10. West Midlands: London Euston to Birmingham New Street (146% at 17:56)

The DfT figures were based on passenger counts taken on Tuesdays, Wednesdays and Thursdays between September and December 2025, and represent travel on a typical autumn weekday.

Overcrowding fell slightly overall compared with autumn 2024, with an average of 16,800 (1%) passengers a day travelling in excess of capacity.

The DfT said seating capacity has grown 4% in the past year.

A spokesperson said: “The vast majority of passengers – 98.9% – typically travel on services that are not overcrowded.

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“Where there are pinch points during peak hours, work is under way to improve capacity. GTR has added carriages to its busiest commuter services, while South Western Railway has boosted capacity by nearly 30% in the last year with new trains.

“Bringing track and train together under Great British Railways will support further improvements, helping create a joined-up service that puts passengers first.”

A quarter of passengers travelling in and out of London at peak times had to stand. But in other cities, only 5% of passengers could not get a seat.

A Thameslink spokesperson said its trains were designed to have ample standing room on board its busiest commuter routes.

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“We are always monitoring how busy our services are and continually make changes to provide more space.

“In the last few years alone, we’ve lengthened trains on some of our busiest Bedford to London services and introduced an additional peak-time service to provide more choice and extra space.”

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Chobani unveils protein snack innovation

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Chobani unveils protein snack innovation

Chobani Protein Flip Greek Yogurt features 20 grams of protein.

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Large West Country food firm snapped up by North East wholesaler Kitwave

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Yate-based Charles Saunders will also become part of the Country Range Group following the deal

Charles Saunders is based in Yate

Charles Saunders is based in Yate(Image: Handout)

A West Country chilled and frozen food wholesale business has been acquired by a larger North East group for an undisclosed sum. Charles Saunders – one of the biggest family-owned food service companies in the South West of England – will become part of North Shield’s Kitwave following the deal.

Under the terms of the agreement, Charles Saunders will join Kitwave’s food service division alongside Creed Foodservice, Total Foodservice, WestCountry Food Holdings and Fife Creamery.

It is understood there will be no changes to the company’s Yate-based depot, operations, sales or head office teams, and the existing leadership team will remain in place, with Darren Gaulton as executive director and Kim Carwardine as managing director.

The business will continue to trade under the Charles Saunders brand. As part of the acquisition, the South West company will also become a member of the Country Range Group.

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“Charles Saunders has built a strong reputation over many years by putting customers first, investing in our people and delivering the high levels of service we’re known for,” said Mr Gaulton.

“The business has enjoyed significant growth over recent years while remaining true to the values that have made Charles Saunders what it is today. Becoming part of Kitwave represents the next stage in that journey.

“Our priority has always been to ensure the business is well placed for long-term sustainable growth. This partnership gives us an excellent platform to continue to build, invest further in our people and continue delivering the exceptional service our customers expect.”

Ben Maxted, chief executive of Kitwave, said Charles Saunders’ “customer-focused approach and strong family values” made it an “excellent fit” for the group.

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“Charles Saunders is a highly respected foodservice business with an outstanding reputation across the South West, a loyal customer base and an experienced management team,” he said.

“The acquisition further strengthens our food service division and supports our long-term growth strategy. We’re delighted to welcome the Charles Saunders team to Kitwave and look forward to supporting the business as it continues to build on its success.”

Kitwave started from a single site in 1987 serving independent retailers and caterers. In January, it agreed to a £251m takeover bid from a US private equity business.

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How a Conversational Virtual Receptionist Transforms Customer Communication

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How a Conversational Virtual Receptionist Transforms Customer Communication

In today’s fast-moving business environment, customers expect quick, friendly, and professional communication every time they contact a company. Whether they are calling to ask a question, schedule an appointment, or request support, their experience during that first interaction often determines whether they continue doing business with the company. This is where a Conversational virtual receptionist becomes a valuable asset.

A Conversational virtual receptionist provides businesses with professional call handling, personalised customer interactions, and continuous availability without the expense of hiring additional in-house staff. By combining natural communication skills with efficient call management, a Conversational virtual receptionist helps businesses improve customer satisfaction, increase productivity, and create more opportunities for growth.

Conversational Virtual Receptionist

Every incoming phone call has the potential to generate a new sale, strengthen an existing relationship, or solve an important customer issue. Unfortunately, busy staff members cannot always answer every call.

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A Conversational virtual receptionist ensures that every caller is greeted promptly by a friendly professional who can answer basic questions, take messages, transfer calls, or schedule appointments. Instead of reaching voicemail or waiting for a callback, customers receive immediate attention.

This reliable communication helps businesses capture more leads while providing customers with the responsive service they expect.

Create a Positive First Impression

The first phone conversation often shapes a customer’s opinion of a business. A professional greeting demonstrates that your company values customer service and pays attention to detail.

A Conversational virtual receptionist creates a welcoming experience by speaking naturally, listening carefully, and responding professionally. Every interaction reflects your company’s brand and commitment to quality service.

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A strong first impression increases customer confidence and encourages potential clients to continue doing business with your organisation.

Improve Customer Satisfaction

Customers appreciate businesses that respond quickly and communicate clearly. Delayed responses or unanswered phone calls often lead to frustration and lost opportunities.

A Conversational virtual receptionist improves customer satisfaction by providing immediate assistance whenever customers call. Receptionists can answer common questions, provide business information, process appointment requests, and direct callers to the correct department.

Fast, helpful communication builds trust and encourages long-term customer loyalty.

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Enhance Personalised Communication

Modern customers expect personalised service rather than generic responses. They want businesses to understand their needs and treat them as valued individuals.

A Conversational virtual receptionist delivers personalised conversations by using customised call scripts, addressing callers professionally, and following your company’s preferred communication style.

This personalised approach creates stronger relationships and makes customers feel appreciated from the very first interaction.

Allow Employees to Focus on Their Work

Answering frequent phone calls can interrupt productivity and reduce workplace efficiency. Employees often lose valuable time switching between customer calls and their primary responsibilities.

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By using a Conversational virtual receptionist, businesses allow trained receptionists to manage incoming calls while employees remain focused on serving customers, completing projects, and achieving business goals.

This improved workflow benefits both staff productivity and customer service quality.

Provide 24/7 Customer Availability

Customers often contact businesses outside normal office hours. Missing these calls can result in lost sales and missed business opportunities.

A Conversational virtual receptionist provides round-the-clock call coverage, ensuring customers always have someone available to assist them. Whether calls arrive during evenings, weekends, or public holidays, businesses remain accessible and responsive.

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Continuous availability gives companies a significant advantage over competitors that rely solely on traditional office hours.

Increase Lead Conversion

Every potential customer deserves immediate attention. When businesses respond quickly, they are more likely to convert enquiries into paying customers.

A Conversational virtual receptionist captures important caller information, answers initial questions, and schedules appointments without delay. This efficient communication process helps businesses respond faster and improve conversion rates.

By reducing missed calls and providing professional support, companies can generate more sales opportunities and maximise every enquiry.

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Reduce Business Costs

Hiring full-time receptionists involves salaries, training, office equipment, and employee benefits. These costs can become significant, especially for small businesses.

A Conversational virtual receptionist offers a cost-effective alternative by providing professional receptionist services without the expense of expanding your in-house team.

Businesses receive high-quality customer support while controlling operational costs and allocating resources more efficiently.

Strengthen Brand Reputation

Excellent customer communication directly influences how people perceive your business. Companies that answer calls promptly and professionally are more likely to earn positive reviews and customer referrals.

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A Conversational virtual receptionist helps maintain consistent communication standards across every customer interaction. Professional call handling reinforces your brand image and demonstrates your commitment to exceptional service.

Over time, this positive reputation leads to increased customer trust and stronger business growth.

Support Businesses of Every Size

Whether you operate a small local business, a growing company, or a large enterprise, a Conversational virtual receptionist can adapt to your needs.

Small businesses gain professional call handling without hiring additional staff, while larger organisations benefit from managing high call volumes efficiently. As your company grows, the receptionist service can easily scale alongside your business.

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This flexibility makes a Conversational virtual receptionist an ideal solution for organisations across every industry.

Conclusion

Effective communication is one of the most important factors in building successful customer relationships. Every phone call represents an opportunity to earn trust, solve a problem, or gain a new client. A Conversational virtual receptionist ensures that every customer receives prompt, friendly, and professional service, regardless of when they call.

By investing in a reliable Conversational virtual receptionist, businesses can improve customer satisfaction, increase productivity, reduce operational costs, and convert more enquiries into loyal customers. In today’s highly competitive marketplace, a Conversational virtual receptionist is more than just a communication tool—it is an essential business solution that transforms customer communication and supports long-term success.

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GSK: Healthy Results, But Limited Stock Upside (Rating Downgrade) (NYSE:GSK)

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GSK: Healthy Results, But Limited Stock Upside (Rating Downgrade) (NYSE:GSK)

This article was written by

Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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RELX Plc: Legal And STM Accelerate As Valuation Got Cheaper

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Amazon's Dip Is A Long-Term AWS Opportunity (Rating Upgrade)

RELX Plc: Legal And STM Accelerate As Valuation Got Cheaper

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Guernsey energy prices rise by 19% in a year -report

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Energy prices are up by 19% and retail prices indices (RPI) inflation rose to 4.3%, according to a new report.

Guernsey’s RPI and Household Costs Indices (HCI) inflation statistics have been published for the year ending in June 2026.

Over the year, the fuel and light group increased by the most, at 19%. The tobacco group increased by 11.7%, and the catering group increased by 6.3%, compared to the year ending in June 2025.

The report also found that households containing one or more retired adults was the HCI with the highest overall increase, at 5.2%.

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