MU is trading at $508.61 (-3.04%) as reports of OpenAI missing internal revenue and user acquisition targets triggered a sharp reversal in semiconductor and AI infrastructure stocks.
- The decline follows yesterday's +5.60% gain, with the sector-wide selloff impacting key partners including Nvidia and Oracle amid growing skepticism over the sustainability of massive AI capital expenditures.
- Broader market sentiment remains weak as the NASDAQ Composite drops -0.86% and the S&P 500 falls -0.49%, further pressured by geopolitical uncertainty surrounding U.S.-Iran negotiations.