MU is trading at $413.40 (-3.6%) today, tracking a 1.05% decline in the NASDAQ Composite as investors digest Nvidia's earnings results amid broader valuation and trade concerns.
- The stock fell from yesterday's close of $429, moving in sympathy with the tech sector as Salesforce shares dropped on AI competition fears.
- While Nvidia's strong results initially boosted AI hardware, market sentiment has shifted toward caution regarding trade tensions and high sector valuations.
- No company-specific news was reported for Micron today; the move is driven by broader macroeconomic trends and sector-wide sentiment.