🔴 Micron Technology is trading 5.8% down today amid a global AI valuation selloff and semiconductor sector reset

Micron Technology is trading 5.8% down at $922.95 following a sharp pre-market drop driven by a broader semiconductor sector reset and profit-taking.

• The decline is linked to a global AI valuation selloff and bearish commentary regarding semiconductor market positioning.
• Pre-earnings uncertainty and a broader downturn in Nasdaq futures are adding further pressure to the stock.