🟢 Micron Technology is trading 8% up in pre-market after November 5’s 17.46% selloff

Micron Technology is trading at $709.11, up 8.03% in pre-market on November 6, rebounding after its 17.46% November 5 decline.

• Coverage reports an after-hours recovery following the steep decline, but identifies no new company-specific announcement as the catalyst.
• Investor concerns about AI infrastructure spending and the memory-sector outlook weighed on chip stocks.
• Micron said its Taiwan operations were continuing normally amid reports of a paused plant project.