Micron Technology Inc.
(NASDAQ:MU) stock rebounded in premarket trading Monday after a sharp selloff at the end of last week, as improving risk appetite lifted growth-oriented technology stocks.
The memory chipmaker's shares rose about 4% before the opening bell, with Nasdaq futures advancing 0.80% and S&P 500 futures gaining 0.35%, signaling renewed demand for higher-beta names.
Micron Stock Rebounds After Semiconductor Selloff The recovery follows a difficult Friday session in which Micron shares closed down 13.25% amid a broader semiconductor sector retreat.
The weakness came despite Micron's strong artificial intelligence-driven growth outlook and was largely tied to investor reaction to results from Broadcom Inc.
