Micron Technology (MU) shares declined 1.93% to $419.91 as the semiconductor sector faced pressure from a newly announced 15% global flat tariff. This trade-driven sell-off has interrupted the stock's recent momentum, which had been supported by surging memory prices.
- The new tariff policy has sparked concerns regarding supply chain disruptions, leading investors to rotate out of volatile tech stocks and into safe-haven assets.
- CEO Sanjay Mehrotra recently highlighted the upcoming grand opening of the $2.75 billion Sanand facility in India, a key strategic project for the company.
- Micron (MU) closed the February 23 session at $419.91, marking a 1.93% decrease following the trade policy news.