MU is trading at $430.54 (-3.09%) today, extending a post-earnings slide as geopolitical tensions and supply chain fears weigh on the semiconductor sector.
- Despite record revenue of $23.86B and an EPS of $12.20 beating expectations on AI demand, shares are facing sell the news pressure as recent gains were already priced in.
- The broader market is under pressure with the NASDAQ falling -1.22% as the Iran conflict and rising oil prices drag down peers like NVIDIA.
- Today's move follows a -3.78% drop in the previous session, with the stock retreating further from yesterday's close of $444.27.