Micron Technology (MU) experienced muted price action, trading essentially flat after hours, as broader market risk-off sentiment driven by new geopolitical tariffs weighed on semiconductor stocks despite the company's strong underlying fundamentals.
- The widespread equity weakness was triggered by President Trump's proposed 10-25% tariffs on eight European nations over the Greenland dispute, announced on January 17.
- The stock has maintained strength following exceptional Q1 FY2026 results, which included record revenue of $13.64 billion and Q2 guidance projecting gross margins reaching 67%, driven by AI data center demand.
- MU is trading near $363.07 in after-hours, while S&P 500 futures are signaling widespread weakness, down 1.02%, ahead of the market open.