Micron Stock Falls on China Chip Threat Nauman Khan Mon, October 12, 2026 at 11:50 AM EDT CL=F +1.93% MU -2.92% 688825.SS -5.22% ^GSPC +0.05% CRM +1.96% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Oil prices moved higher and chip competition rattled technology shares, while an analyst upgrade boosted Salesforce and investors assessed whether upcoming earnings can withstand geopolitical and cost pressures.
During morning trading, Micron Technology (NASDAQ:MU) fell 3% after China's ChangXin Memory Technologies reported progress on a new chip structure, raising concerns about tougher competition.
Warning! GuruFocus has detected 5 Warning Signs with MU.
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Oil rose about 2% as the proposed Russia-Ukraine energy truce came under doubt. West Texas Intermediate futures traded near $93 a barrel, while Brent reached about $106. President Donald Trump said he was weighing support for Saudi Arabia's campaign against Houthi forces in Yemen, adding to regional uncertainty.
The Dow and S&P 500 each recorded a second positive week in three, while the Nasdaq extended its winning streak to four weeks.
FactSet's John Butters projects 29.6% third-quarter earnings growth for the S&P 500, marking a possible fourth straight quarter above 25%. Investors may focus on executives' comments about handling higher fuel and borrowing costs while protecting profit margins.
