Micron’s shares plunged nearly 10% on Wednesday, marking the third consecutive session of losses following its latest quarterly results. The slump deepened as investors absorbed weaker-than-expected performance and assessed the company’s outlook statements.

The sharp selloff reflects mounting investor worry over soft DRAM and NAND demand in key end markets. Management’s cautious commentary on the timing of a memory market recovery amplified concerns, triggering broad semiconductor sector weakness.