To The Moon

$Micron Technology(MU)$   Micron Technology is stuck in a spiral amid concerns about Chinese competition and the artificial-intelligence trade in general. But shareholder returns could help it rebound, according to analysts. Micron shares were down 4.4% at $873.70 in premarket trading. A slide that began at the start of the week on news that China's CXMT was developing a new memory chip has been compounded by fears about the wider AI trade. South Korean memory companies Samsung Electronics and SK Hynix were even harder hit, dropping 9.5% and 11%, respectively, in local trading on Thursday. But the worries are overblown, according to UBS analyst Nicolas Gaudois. He notes that CXMT's so-called 4F square design (4F2

$Micron Technology(MU)$   Micron Technology is stuck in a spiral amid concerns about Chinese competition and the artificial-intelligence trade in general. But shareholder returns could help it rebound, according to analysts. Micron shares were down 4.4% at $873.70 in premarket trading. A slide that began at the start of the week on news that China's CXMT was developing a new memory chip has been compounded by fears about the wider AI trade. South Korean memory companies Samsung Electronics and SK Hynix were even harder hit, dropping 9.5% and 11%, respectively, in local trading on Thursday. But the worries are overblown, according to UBS analyst Nicolas Gaudois. He notes that CXMT's so-called 4F square design (4F2