🔴 MU is trading 4.5% down today as investors lock in gains after its massive AI-driven rally

MU is trading 4.5% down at $1,081.57 as investors continue to lock in gains following its massive AI-driven rally and blockbuster Q3 earnings.

• Profit-taking follows a 1,103% annual surge, with concerns mounting over stretched valuations.
• Investors are weighing risks that heavy AI memory capex could face a different pricing environment if demand cools.
• The stock remains under pressure despite the company providing very strong guidance.