Two pieces of news crashed $Micron Tech(MU.US)

Nikkei Asia reported that China's leading memory chip manufacturers, Yangtze Memory (YMTC) and ChangXin Memory (CXMT), have launched their largest-ever capacity expansion.

Yangtze Memory will accelerate the construction of its Phase III plant in Wuhan, with production expected to start as early as 2026.

ChangXin Memory is building a new plant in Shanghai, with additional capacity reaching 2-3 times that of its Hefei headquarters. Production is expected to start in 2027.

Both companies are targeting the same markets: NAND, DRAM, and HBM.

But only $Micron Tech(MU.US) got crashed, while other memory companies remained completely unaffected?

Especially SanDisk $Sandisk(SNDK.US). Yangtze Memory is a major NAND manufacturer, and its expansion should have a significant impact. SNDK seems to be turning into a meme stock—not a single day of decline??

The issue is that Yangtze Memory is on the Entity List, completely cut off from the U.S. supply chain. Meanwhile, AI infrastructure, especially HBM, is almost entirely absorbed by domestic U.S. manufacturers. So Yangtze Memory's HBM production won't have any real impact on MU.

I believe the market will come around.