In the latest trading session, Micron (MU) closed at $941.1, marking a -6.98% move from the previous day.
Micron Technology MU shares fell on Tuesday as the broader semiconductor sector came under pressure from rising Treasury yields and concerns about higher financing costs for artificial intelligence infrastructure. The decline interrupted a strong run for the memory-chip maker, which had climbed above $1,000 in the previous session.
Micron Technology (NASDAQ:MU | MU Price Prediction) closed the most recent session at $1,011.75, capping a 254.71% year-to-date run driven by an AI memory cycle that CEO Sanjay Mehrotra called a structural transformation of the industry.
Shares of memory chip makers are selling off hard midday Tuesday as investors rotate out of AI hardware.
I keep hitting the buy button on Micron Technology (NASDAQ:MU | MU Price Prediction) because for the first time in my investing life, the memory business is behaving like a utility instead of a rodeo.
Memory and storage stocks are selling off Tuesday morning as rising Treasury yields pressure what has been the most extended trade in the semiconductor sector.
BofA Securities has reiterated its ‘Buy' rating on Micron Technology (NASDAQ: MU) and maintained a stock price target of $1,550.
Jim Cramer used his Monday CNBC segment to make an aggressive call on the year's most explosive corner of the market: memory and storage.
Micron Technology (NASDAQ: MU) and SanDisk stock (NASDAQ: SNDK) fell sharply in US premarket trading on Tuesday, reversing Monday's powerful memory-chip rally as investors cut exposure to 2026's hottest AI winners. Micron was indicated about 6% lower around 5:30 a.m.
Shares of memory and storage chipmakers climbed Monday morning after reports that the U.S. administration is discouraging domestic tech companies from buying conventional memory chips from Chinese suppliers.
Micron Technology's (NASDAQ:MU | MU Price Prediction) run this year has been extraordinary.
Memory-chip stocks rose in trading on Monday as renewed optimism around the artificial-intelligence hardware trade combined with the Trump administration's efforts to discourage US companies from sourcing memory chips from China. Micron Technology MU shares gained more than 5.9% in trading, while South Korea's SK Hynix rose 5.6% and SanDisk advanced 8.9%.