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Micron stock heads for worst monthly drop in 11 years on China fears
Micron shares are falling sharply toward what could be their worst monthly decline in 11 years, as investor concerns about China escalate. MarketWatch reports that analysts are focusing on worries tied to China’s domestic supply of chips and manufacturing tools, which has added uncertainty for the semiconductor supply chain.
MarketWatch also notes that the selling reflects broader caution among investors as those China related risks rise, pressuring the stock’s near term outlook.
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