Why is Micron Technology Inc down today?

2026-03-23 23:59:33

Micron Technology’s stock fell due to profit-taking and investor concerns despite strong fiscal Q2 2026 earnings. The decline was primarily driven by management’s announcement of significantly increased capital expenditures, raising fears about cash burn, margin sustainability, and execution risks tied to the AI boom. Additionally, analysts highlighted structural vulnerabilities, intensifying competition in HBM, and broader market worries about inflation and economic uncertainty contributed to the selloff.

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