Micron's DRAM Share Hits 25%, But Chinese Rival CXMT Surges to 7%
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron's DRAM market share climbed to 25% in Q2, up from 22% in Q1, putting it within striking distance of SK Hynix's 26%, according to Counterpoint Research. The company's DRAM revenue has quintupled since Q2 2025, driven by AI demand. However, China's CXMT is emerging as a serious competitor, capturing 7% share—an eightfold year-over-year increase—and is now targeting high-bandwidth memory, with its share of global HBM wafer supply projected to rise from 1% in 2025 to 12% by 2028. This follows a series of strong Micron headlines in recent months, including record Q3 results and a $200B U.S. investment plan. The competitive threat from CXMT could pressure long-term pricing and market share, especially if it breaks into the top tier of memory suppliers.
At the time of this announcement, MU was trading at $870.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $936.8B. The 52-week trading range was $103.38 to $1,255.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.