MU is trading at 3.3% down now at $328.25 as the stock sees profit-taking and consolidation following a sharp multi-day rally.
- The prior multi-day rally was partly driven by strong fiscal Q1 2026 results and bullish AI-memory demand commentary in December.
- With no fresh company-specific headlines or downgrades emerging on January 8, 2026, the move appears to be consolidation in a richly valued AI/semis name.
- The broader market context sees the Nasdaq trading modestly lower.