MU is trading at $397.17 (-4.06%) as the stock retreats amid a broader tech sell-off and mounting concerns regarding AI spending levels.
- The decline follows yesterday's +4.03% gain to $413.97, which was driven by reports of early HBM4 shipments and sold-out supply through 2026 [Hero News ID: 698de4a18e93dcb2f3e47808].
- Sentiment is being pressured by a 0.48% drop in the Nasdaq, fueled by a decline in Cisco and general weakness across semiconductor and AI-related names.
- There is no company-specific news for Micron today; the price action reflects a correction and alignment with market weakness after recent gains.