Micron Stock Declines Amid Broader Market Gains
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BTCCSquare news:
Micron Technology (MU) shares fell 3.6% on Friday, underperforming the broader market as the S&P 500 and Nasdaq Composite posted gains. The drop appears to be a profit-taking MOVE following a 32% monthly surge, rather than any company-specific news.
The memory chipmaker had recently benefited from bullish sentiment around AI infrastructure demand, with its high-bandwidth memory solutions positioning it as a potential long-term winner in cloud data center expansion. However, the stock's sharp rally made it vulnerable to short-term pullbacks.
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