🔴 Micron Technology is trading 3.2% down today as investors weigh SK Hynix listing and sector valuations

Micron Technology is trading at $959.50 (3.2% down) in pre-market, giving back part of yesterday’s strong AI-driven rally.

• Investors are digesting the upcoming U.S. Nasdaq ADR listing of rival SK Hynix.
• The move reflects a broader reassessment of lofty valuations across the AI memory chip sector following a sharp semiconductor surge earlier this week.