Micron Shares Plunge 13.2% Before Q3 Earnings on AI Selloff
MU•MU•MU•MU•Micron’s shares plunged 13.2% Tuesday on a broader AI-related selloff driven by renewed interest-rate hike fears. Wednesday’s Q3 report will reveal if robust AI-driven data-center memory demand and potential pricing power can sustain the company’s recent momentum.
Micron’s shares tumbled 13.2% on Tuesday as broader tech and AI-related stocks declined, with the Nasdaq Composite sliding 2.2% as concerns over potential interest rate hikes resurfaced.
Micron will report third-quarter results on Wednesday, with analysts forecasting profits to benefit from strong AI-driven demand for its DRAM and NAND memory chips in data-center applications.
Investors will scrutinize updates on demand trends, pricing power and the company’s ability to sustain momentum as global AI spending continues to surge.
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