Micron Technology shares have dropped more than 27% from their June 25 all-time high, valuing the memory-chip maker at around $993 billion. The decline mirrors a broader sell-off in memory-chip stocks, with peers Sandisk and SK Hynix down 46% and 30% from their peaks, respectively, partly due to guidance that fell short of lofty market expectations. Micron had soared nearly 640% over the past year as one of only three major global memory-hardware suppliers benefiting from surging AI data-center demand, which pushed gross margins sharply higher across its business units. Despite the pullback, the company remains a key player in the AI infrastructure build-out, though investors should brace for continued high volatility.
