Micron’s stock falls on fears about Nvidia’s new chips, but investors may be overreacting

Micron Technology’s stock has been one of the market’s hottest this year, but it’s cooling down on Monday as investors assess the competitive landscape.

One issue potentially weighing on Micron’s stock

MU on Monday is that rival Samsung Electronics KR:005930 will start mass production of its sixth-generation high-bandwidth memory chips, HBM4, later this month for use in Nvidia’s NVDA upcoming Vera Rubin graphics processing units, South Korea’s Yonhap News Agency reported on Sunday.