Micron Technology Inc is trading 3.3% down at $905.10 as recent AI-chip leaders pull back and traders lock in gains following a parabolic run.
- Broader technology sentiment remains weak, with Nasdaq futures and major indices trading lower as the sector faces a consolidation phase.
- Despite the current decline, the move follows multiple recent analyst price target hikes, suggesting the pullback is not driven by company-specific negative news.
- Shares showed signs of stabilization after being indicated down as much as 4.8% during premarket trading sessions.