🔴 Micron Technology is trading 4.9% down today on AI infrastructure spending worries and rising Chinese competition

Micron Technology is trading 4.9% down at $780.00 in after-hours trading, extending a slide driven by a sharp sell-off across the memory-chip and broader semiconductor sectors.

• The decline is fueled by growing investor anxiety regarding heavy AI infrastructure spending and its impact on long-term valuations.
• Rising competition from Chinese chipmakers is placing additional pressure on the DRAM and AI hardware space.
• The move follows a regular-session retreat, reflecting a broader market re-evaluation of semiconductor growth prospects.