Movement Alert|Micron Technology Falls 3.01% in Pre-Market Trading, US Equities Three-Day Losing Streak Compounds Semiconductor Sector-Wide Retreat

Market Focus
Sep 10

On September 10, Micron Technology fell 3.01% in pre-market trading to $997.0 per share, with turnover of $1.042 billion, slipping back below the $1,000 mark after closing at $1,027.77 in the prior session.

The decline was driven by broad market weakness and a sector-wide semiconductor pullback. U.S. equities extended losses to a third consecutive session as international oil prices surged above $100 per barrel, dampening overall risk appetite. The semiconductor sector came under widespread selling pressure, with peers SK Hynix dropping 5.06%, Intel falling 4.2%, AMD declining 2.69%, Broadcom retreating 1.78%, and NVIDIA slipping 1.37%.

Micron had rallied sharply in recent sessions, fueled by its plan to nearly double HBM monthly wafer capacity to approximately 100,000 wafers by year-end and expectations for continued DRAM and NAND price increases. Market attention now turns to Micron's upcoming earnings report on September 30, where consensus expects EPS of $31.17, a substantial jump from the prior quarter.

(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.)

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