Micron Shares Fall Over 5% as AWS Data Centre Strikes Fuel Tech Selloff
Micron’s shares tumbled 5.2% intraday as the Nasdaq 100 dropped 2.7% during a broader tech selloff. The decline followed drone strikes on two AWS data centres in the UAE and one in Bahrain, heightening digital infrastructure security concerns and potential valuation adjustments across semiconductor stocks.
1. Micron Stock Performance
Micron’s stock tumbled 5.2% early today, significantly worse than the 2.7% drop in the Nasdaq 100. This marked its steepest single-session decline in over three months, erasing recent gains.
2. AWS Data Centre Strikes Impact
Drone strikes damaged two AWS data centres in the UAE and one in Bahrain, raising concerns over digital infrastructure security. Investors are now reassessing risk premiums and potential capital expenditure shifts for cloud-reliant semiconductor firms like Micron.
3. Broader Tech Sector Selloff
The Nasdaq 100 slid to its lowest level since November while the Russell 2000 fell 3.5%. Major chip stocks including Western Digital, Intel and Seagate also plunged over 5%, reflecting widespread pressure on the semiconductor sector.