🔴 MU is trading 5.1% down today as Trump–Xi summit disappoints on semiconductor trade hopes

MU is trading 5.1% down at $736.54 in pre-market action as a broader tech risk-off shift intensifies following the Trump–Xi summit.

• Nasdaq futures are down approximately 1.4% after the high-stakes meeting failed to ease semiconductor trade restrictions, pressuring the entire AI and chip sector.
• The move extends a pullback from recent highs established during Thursday's session, despite a lack of fresh, company-specific news for Micron.
• Market sentiment has turned cautious as the lack of progress on trade relations remains a primary headwind for global semiconductor demand.