Micron Technology, Inc. is trading 10.2% down at $188.00 after a sharp pullback in AI and semiconductor stocks sparked by Broadcom’s post-earnings slump.
- The stock is facing pressure from a broader tech sell-off driven by rising Treasury yields and stronger-for-longer Fed interest rate expectations.
- Sector-wide profit-taking in high-valuation chip names is amplifying losses for the company relative to the overall market.