Micron falls about 7% in memory selloff after report Apple may source chips from China

Micron fell about 7% on a Monday in a sector-wide memory selloff. The drop was tied to reports that Washington may allow Apple to source memory from Chinese suppliers, which raised fears about competition and pricing. The article argued the move reflected a higher discount rate on future cash flows, not weaker demand or a weaker contracted 2026 order book; the stock closed at $935.39 that week.

• Micron down about 7% on the Monday selloff
• Trigger: reports Apple may source memory from Chinese suppliers
• Cited close of $935.39 later that week
• Analyst view: move reflects discount rate, not demand