Micron Technology (NASDAQ:MU) stock has entered a bear market after plunging more than 26% from its highest level this year.
The sell-off has coincided with a broader retreat in memory stocks as investors take profits and concerns grow about the sustainability of AI spending.
Micron Stock Has Retreated Amid Rising Concerns About AI Spending MU stock has plunged more than 26% from its highest level this year, joining a broader sell-off across the memory sector.
Other leading memory stocks, including SanDisk (NASDAQ:SNDK) and Western Digital (NASDAQ:WDC), have also retreated sharply.
Meanwhile, the Roundhill Memory ETF (CBOE: DRAM) has fallen 34% from its highest point of the year.
