MU is trading at $506 (-3.5%) as the relief rally from U.S.-Iran ceasefire news fades, tracking broader market weakness and a semiconductor sector pullback.
- The decline follows a 0.68% drop in NASDAQ futures, with no company-specific catalysts like earnings or announcements reported today.
- Retail sentiment on Stocktwits remains bearish, despite UBS maintaining a 'Buy' rating and $535 price target citing memory super-cycle strength.