🔴 Micron is trading 4% down today on cautious sentiment ahead of retail sales data

MU is trading at $367.14 (-4.27%) as the stock pulls back from recent gains, likely tracking cautious market sentiment ahead of upcoming retail sales data.

• The move follows a volatile period for the stock, including a 9.55% drop on February 4 and a 2.84% decline on February 9, even as the broader market remains mixed.
• Despite the short-term pullback, analysts remain bullish on AI-driven HBM demand, noting that 2026 HBM supply is already sold out and earnings are expected to quadruple.