tech
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%.
TL;DR
- Micron shares fell 10% on Monday, continuing a steep sell-off after its earnings report.
- The stock is down 30% since its March 18 earnings report.
- Other tech companies, including CoreWeave, Nebius, SanDisk, and Western Digital, also experienced significant losses.
- Micron's strong earnings were driven by high demand for artificial intelligence chips.
- Micron is a key memory supplier for AI chips, facing a supply crunch where customers receive only a fraction of their requirements.
- Despite recent losses, Micron shares are up 270% from one year ago, but gains in 2026 have largely been erased.