Micron Technology's stock rebounded nearly 1% in pre-market trading on Wednesday. This followed a sharp 7% decline on Tuesday. Broader pressure on the semiconductor sector contributed to Tuesday's sell-off. Concerns over rising Treasury yields also played a role. Uncertainty about future memory demand added to the decline.
Ark Invest CEO Cathie Wood stated she avoids memory-dependent AI chip stocks. Wood called high-bandwidth memory the "most cyclical" and "most commoditized" part of the semiconductor supply chain. She suggested the current boom may not be sustainable. Micron, a leading DRAM manufacturer, is directly relevant to her comments.