Micron stock sinks 10%, further cratering in post-earnings sell-off
Since reporting blowout earnings March 18, the memory maker's shares have slid about 30%.
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In this article MU Follow your favorite stocks CREATE FREE ACCOUNT The Micron Technology offices in San Jose, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron shares plummeted 10% on Monday, continuing the memory maker's significant post-earnings sell-off . The company snapped a six-day slide on Friday with a modest gain, but with Monday's loss, the stock is down 30% since its blowout earnings report on March 18. Other tech names also saw big losses Monday as oil climbed with the Iran war entering a fifth week and President Donald Trump threatening to destroy the country's oil facilities. Neocloud companies CoreWeave and Nebius were each down about 8%, while memory makers SanDisk and Western Digital each sank 7% and 9%, respectively. Micron's strong earnings report for the second quarter was fueled by insatiable demand for artificial intelligence chips. Micron, SK Hynix and Samsung are the major memory suppliers for high-performance AI chips from companies like Nvidia . The surge in AI demand has led to a shortage. After reporting earnings, CEO Sanjay Mehrotra told CNBC's " Squawk on the Street " that key Micron customers only get "half to two-thirds of their requirements" due to the supply crunch. Micron shares are up 270% from one year ago, but most of those gains have retreated in 2026. The stock is only up about 2% year-to-date after the recent slide. Micron stock since reporting Q2 earnings on March 18. Read more CNBC tech news Meta's court defeats add to Zuckerberg's recent woes, represent 'watershed event' for social media Meet Figure AI: The company behind the humanoid robot hosted by Melania Trump A Google AI breakthrough is pressuring memory chip stocks from Samsung to Micron Elon Musk calls for Delaware judge to recuse herself in lawsuits, alleging bias watch now VIDEO 5:03 05:03 Memory stock fundamentals will remain strong if AI capex continues, says Morgan Stanley's Joe Moore The Exchange Choose CNBC as your...
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