What's Going On With Micron Stock Today – TradingView

Micron Technology MU shares dropped about 8% on Thursday after a sharp slide in Broadcom (AVGO) weighed on semiconductor names and triggered broad profit-taking in AI-linked chip stocks.
Broadcom fell nearly 15% after its outlook failed to lift AI revenue expectations.
Micron Technology also came under pressure after Broadcom reported strong quarterly results but disappointed investors by holding its artificial intelligence revenue outlook steady, fueling concerns across high-valuation chipmakers. Analyst targets also remain well below recent trading levels, adding to caution in the sector.
Micron Technology shares had recently surged to record levels, leaving the stock exposed to valuation-driven selling, while insider activity showed notable equity disposals over the past months. The company briefly touched a market value near 1.2 trillion dollars before the latest pullback.
Micron Technology will next be watched for its June 24 earnings report, with traders awaiting fresh guidance as broader semiconductor sentiment remains sensitive to AI growth expectations. A June 3 industry letter highlighted potential AI memory supply constraints across key end markets.
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