Micron Technology offices are located in San Jose, California, on Tuesday, December 16, 2025.
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micron The stock plunged 10% on Monday, continuing a steep decline following the memory maker’s earnings call.
The company posted a modest gain on Friday, snapping a six-day decline, but Monday’s loss has sent the stock down 30% since its explosive March 18 earnings report.
Other technology companies also suffered heavy losses on Monday as the Iran war entered its fifth week and oil prices rose after President Donald Trump threatened to destroy the country’s oil facilities. neo cloud company coreweave and Nevius Memory makers each fell about 8%. sandisk and western digital They fell 7% and 9%, respectively.
Micron’s strong second-quarter earnings report was driven by insatiable demand for artificial intelligence chips.
micron, SK Hynix and samsung It is a leading memory supplier of high-performance AI chips from companies such as. Nvidia. The surge in demand for AI is creating a shortage.
After the earnings report, CEO Sanjay Mehrotra told CNBC’s “Squawk on the Street” that Micron’s major customers were only receiving “half to two-thirds of what they asked for” due to supply shortages.
Micron’s stock is up 270% from a year ago, but most of that gain will be reversed in 2026. After the recent sell-off, the stock is up only about 2% since the beginning of the year.
Micron stock since announcing its second quarter results on March 18th.
