On July 27, Micron Technology declined 3.57% in regular trading, trading near $890.52 per share, with turnover of $82.81 billion. The stock had risen over 3% in pre-market but reversed sharply after the open, falling in tandem with the broader semiconductor sector.
On the news front, Morgan Stanley analyst Shawn Kim warned that the AI-driven memory industry rally is approaching an inflection point, with memory contract prices expected to peak in Q4. The report noted that earnings revision ratios for memory manufacturers have slipped from a 92% peak to 77%, while traditional DRAM contract price growth narrowed from 58%-63% quarter-over-quarter in Q2 to 13%-18% in Q3. The decline follows a roughly 7% selloff on Friday driven by profit-taking after a Musk-fueled rally and intensifying competition from Chinese memory chipmakers.
Within the Semiconductors sector, broad weakness persisted: SK hynix fell 4.47%, AMD declined 3.99%, NVIDIA dropped 2.24%, Intel lost 2.11%, and TSMC slipped 1.18%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
