Micron Rebound Faces Risk From YMTC’s Looming NAND IPO
Micron and SanDisk rebounded in August amid tight NAND supply and strong AI data-center demand, with Micron shares up about 13%. The rally is tempered by expectations that China’s YMTC could ramp production after a landmark CXMT July IPO that raised 66.6 billion yuan, boosting Chinese memory capacity and adding competitive pressure—despite potential demand risks from cheaper AI models.