🔴 Micron is trading 3.36% down today amid broader tech sector weakness and profit-taking after recent surge

Micron is trading at $423.07 (-3.36%) as the stock pulls back due to broader tech sector underperformance and profit-taking following its exceptional January rally.

• The decline follows an exceptional January rally (over 50% gains) driven by HBM sold-out status through 2027 and strong Q1 FY2026 earnings.
• The stock remains within its established support zone ($400–$410 50-day MA) and consolidation range ($410–$440), suggesting modest profit-taking rather than fundamental deterioration.
• Market-wide concerns regarding AI spending sustainability and the Anthropic legal tool announcement are weighing on growth stocks broadly.