🔴 Micron Technology is trading 4.47% down today after OpenAI revenue reports stoked AI-spending concerns

Micron Technology is trading at ARS 334,600, down 4.47%, after reports that OpenAI’s annualized revenue was around $50 billion, below the previously indicated $70 billion, prompted investor concern about AI spending expectations.

• The decline follows the October 8 selloff in AI-linked chip stocks.
• Micron’s peers also fell, while the memory-chip sector is down 3.06% in the supplied session context.