Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell
Quick Read Micron plunged 8% on China competition fears, dragging AMD and Intel down 6% each despite neither competing in memory chips; meanwhile, MRVL shares slid 7%. Apple is testing chips from Chinese DRAM maker CXMT, while the SOXX semiconductor ETF fell 4% on the sector-wide selloff. Micron guides for $50B in FQ4 revenue, but…