🔴 Micron Technology is trading 4.1% down today as investors unwind AI gains and reassess valuations

Micron Technology is trading at $817.88 (4.1% down) as investors continue to unwind recent AI-chip-driven gains and reassess lofty valuations.

• The move follows a broader July pullback in AI semiconductor names and profit-taking after the company's late-June earnings surge.
• Growing worries about the durability of AI memory demand have been highlighted by recent sector commentary and peer actions.