🔴 Micron Technology is trading 4.2% down today as investors unwind AI gains and reassess valuations

Micron Technology is trading at $809.98, down 4.2%, as investors continue to unwind earlier AI-chip-driven gains and reassess stretched valuations.

• The decline extends a sharp multi-day slide in AI semiconductor names driven by profit-taking and growing concerns about the memory cycle peaking.
• Broader selling pressure is impacting the chip sector due to increased competition from China and cooling sentiment across the memory-chip group.
• The move retraces Micron’s recent post-earnings surge as the market recalibrates expectations for high-growth semiconductor stocks.