MU is trading at $409.16 (-3.25%) as it lags a sharp market rally driven by US-Iran de-escalation news.
- While the NASDAQ is up nearly 2% and peers like NVDA have gained, Micron remains pressured by post-earnings sell-offs and high valuation concerns.
- The decline follows a strong Q2 report on March 18, which saw a significant EPS beat and $23.86B in revenue.
- Supply chain risks from Middle East tensions are easing, yet the stock continues to struggle to regain momentum following its recent peak.