Micron Technology is trading 11.3% down at $180.25 as the stock faces an extended post-rally pullback driven by heavy profit-taking in high-flying AI memory names.
- Selling pressure is being fueled by fresh concerns regarding rising competition from Chinese DRAM manufacturers and a broader global chip-sector selloff impacting peers like Samsung and SK Hynix.
- The sharp multi-session slide continues despite the company's recent strong earnings report and sustained demand for AI-related memory hardware.