🔴 MU is trading 6% down today on profit-taking and a broader semiconductor selloff

MU is trading 6% down now at $1,140.85 as investors lock in gains following a sharp post-earnings AI-driven surge over the past week.

• Today’s pullback is tied to a broader selloff in the technology and semiconductor sectors as investors reassess rich AI valuations.
• The decline follows Micron’s recent explosive rally and strong guidance for AI memory demand, which had previously pushed shares to new highs.