MU is trading 6.6% down at $724.61 following a sharp risk-off move in the semiconductor sector after the Trump–Xi summit failed to ease trade restrictions on advanced chips.
- Broader tech weakness is amplifying the pullback, with the Nasdaq down more than 1.5% amid renewed geopolitical and trade uncertainty.
- Investors are locking in profits following Micron’s recent parabolic run as sentiment shifts toward risk-aversion.