Micron Stock Drops 10% in Extended Post-Earnings Decline
Micron's stock declined 10% on Monday, continuing a 30% drop since its robust March 18 earnings report. The sell-off impacted other tech firms, including Neocloud and memory companies, amid geopolitical tensions from the Iran war and Trump's threats. Supply shortages for AI chips, with customers receiving partial orders, exacerbated market concerns. While up 270% year-over-year, Micron's stock is nearly flat in 2026 due to recent losses, reflecting sector volatility.
Ad slot
Micron Technology shares fell 10% on Monday, extending a post-earnings sell-off that has cut the stock's value by 30% since March 18.
Post-Earnings Slide
After a brief pause with a modest gain on Friday, Monday's loss deepened Micron's decline from its peak following a strong second-quarter earnings report on March 18, driven by high demand for AI chips.
Broader Tech Sector Weakness
The downturn spread to other technology stocks on Monday:
Neocloud companies CoreWeave and Nebius each fell about 8%.
Memory makers SanDisk and Western Digital dropped 7% and 9%, respectively.
Ad slot
This coincided with rising oil prices as the Iran war entered its fifth week and President Donald Trump threatened Iran's oil facilities.
AI Chip Supply Constraints
Micron, alongside SK Hynix and Samsung, supplies critical memory chips for AI hardware like Nvidia's products. Soaring AI demand has created a shortage, with CEO Sanjay Mehrotra stating customers receive only "half to two-thirds of their requirements."
Year-to-Date Performance
Despite a 270% surge over the past year, Micron's stock has given up most gains in 2026, rising only about 2% year-to-date after the recent slide.
