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Cathie Wood warns of market shifts for Micron amid intensifying Chinese competition

The Motley Fool +1 ·

MU Micron Technology Inc
$914.13 -4.10%
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  1. 1Ark Investment Management's Cathie Wood warned that while the current trend is upward, the memory cycle could be persistent and intensifying competition from China could eventually disrupt the market.
  2. 2DRAM accounted for 73% of Micron's revenue last quarter.
  3. 3CXMT announced it is making significant progress with more efficient chip designs recently.

So what's the key point?

Cathie Wood said that Micron's market situation could change due to technological advancements by Chinese companies. This means competition could increase in the memory sector, which makes up 73% of Micron's revenue.

Source The Motley Fool +1 · View original ↗

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