Micron Technology IncShares fell 13% ahead of earnings report, with market focused on upcoming results and guidance.
Micron Technology shares tumbled 13.18% to close at $1,051.77 as a South Korea-led memory-chip selloff hit SK Hynix and Samsung, spilling into U.S. memory names one day before Micron’s fiscal third-quarter earnings report. The S&P 500 fell 1.43% to 7,365.46 and the Nasdaq Composite lost 2.21% to 25,587. The decline underscores how quickly market sentiment can shift after a major AI-memory rally, with investors now focused on whether Micron can confirm strong HBM demand, DRAM and NAND pricing, gross margin, and fourth-quarter guidance in its upcoming report.
Micron Technology IncShares fell 13% ahead of earnings report, with market focused on upcoming results and guidance.
SK Hynix IncSouth Korea-led memory selloff hit SK Hynix, reflecting concerns about memory demand ahead of Micron earnings.
Samsung Electronics Co LtdSamsung fell in the South Korea-led memory selloff, indicating broader memory demand concerns.