Micron Technology Inc is trading 7.4% down at $999.41 as investors lock in gains following a sharp AI-driven rally and a broader retreat in semiconductor names.
- The stock is facing a reversal as market participants reassess rich valuations across the memory and AI supply chain after a period of near-vertical growth.
- Broader tech sector sentiment has been dampened by Broadcom’s post-earnings sell-off, adding significant downward pressure to the semiconductor space.