Micron surged 10% Monday after Friday's $1.3T chip rout. But put options on the semiconductor ETF hit an all-time high as traders hedge the AI trade's volatility.

Highflying memory-chip stocks Micron and Sandisk tumbled on Friday after hitting record highs on Wednesday.

June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced…

Micron Technology (MU) plunged about 13.3% on Friday, following a 7.7% decline on the previous day amid a selloff in stocks in the AI chips spac...

By Hannah Pedone and Britney Nguyen

AI chip stocks lost $1.3 trillion in value as Nvidia, AMD and Micron plunged amid Broadcom concerns and fading hopes of US rate cuts.