Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate

Micron's stock is plummeting, on track for its worst monthly decline in a decade, driven by heightened investor anxiety over China's growing self-sufficiency in chip production and manufacturing tools. Analysts point to a broader trend where China's push for technological independence is causing market jitters, impacting global supply chains. This situation underscores the increasing geopolitical tensions and their direct implications on tech stocks, signaling a potential shift in how companies navigate international markets.