Micron Shares Show Decline: Sales Storm Continues

Micron Technology (NYSE:MU) shares fell by 4.2% due to a general wave of sales in the chip sector. The decline was not limited to Micron; other major chip manufacturers such as ARM Holdings, Lam Research, Applied Materials, and KLA Corporation also experienced losses.

The negative sentiment in the sector deepened after CoreWeave Inc. announced that the data center delays would adversely affect its fourth-quarter expectations. This situation led JPMorgan Chase to downgrade CoreWeave's stock. Additionally, Nvidia shares also lost value following reports that SoftBank sold all its stake in the AI chip company.

The market can react excessively to news, and significant price declines may present good opportunities to buy quality stocks. So, is it the right time to buy Micron?

Micron shares have experienced 34 movements with a value change of more than 5% over the past year. In this context, today's move shows that the market considers this news significant; however, it does not seem to fundamentally alter the company's overall perception.

The previous major move occurred seven days ago with a 4.2% decline, which triggered a widespread sell-off as investors reassessed overvaluations following strong earnings. The Nasdaq technology index fell by 1.6%, while the S&P 500 also declined. This drop was reinforced by AI firms like Palantir Technologies losing more than 7% of their value despite better-than-expected sales reports. This negative reaction to positive news indicates that investors are concerned about overvaluations and are selling positions to secure lasting gains.

Moreover, Goldman Sachs and Morgan Stanley managements have pointed out the possibility of a correction in the stock markets in the coming years. Despite the enthusiasm driven by AI optimism and potential future interest rate cuts, these banks view this cooling period as a healthy feature of a long-term bull market rather than a disaster.

Since the beginning of the year, Micron shares have gained 177%, currently trading at $242.15, close to the 52-week high of $253.30 in November 2025. Investors who purchased $1,000 worth of Micron shares five years ago will now see their investments valued at $4,297.

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