🔴 MU is trading 3.6% down today amid broader market selloff driven by Middle East geopolitical tensions

MU is trading at $403.81, down 3.6% today, as broader equity markets decline on escalating Middle East conflict and oil supply concerns.

• Brent crude briefly exceeded $100/barrel following Iranian attacks in the Strait of Hormuz, disrupting approximately 20% of global oil trade and dragging the S&P 500 and NASDAQ down 0.73% and 1.25% respectively.
• The decline is driven by macro-geopolitical factors rather than company-specific catalysts, as Micron's fundamentals remain strong with 2026 HBM supply already sold out.
• Recent analyst upgrades continue to highlight robust AI-driven memory demand despite the current broader market volatility.