🔴 Micron Technology is trading 4.8% down today amid a sector selloff and Michael Burry's expanded short position

Micron Technology is trading at $857.14 (-4.78%) after a sharp pre-market selloff triggered by sector-wide pressure and competitive fears.

• Memory chip stocks are falling 4.22% in pre-market, with sector pressure tied to profit-taking and Michael Burry’s expanded short position on the company.
• Investors are increasingly concerned over potential DRAM and NAND pricing pressure resulting from increased Chinese competition and the upcoming CXMT IPO.
• The bearish move follows a volatile run for the group, as the market weighs the impact of new Chinese supply on global semiconductor margins.