MU is trading at $379.77 (-3.98%) as profit-taking continues following its fiscal Q2 2026 earnings report and concerns over aggressive spending plans.
- Investors are reacting to execution risks and intensifying HBM competition from Samsung following the company's announcement of $25B+ capex targets.
- The stock is bucking a broader market rally fueled by Middle East de-escalation hopes as investors rotate out of high-multiple semiconductor names.