Micron Technology shares fell 13% ahead of its fiscal Q3 earnings report, dragging the semiconductor sector lower as investors reassess AI spending growth.

Micron Technology reports fiscal Q3 2026 earnings June 24 with analysts forecasting 932% EPS growth driven by AI memory demand and $34.5B revenue.

Wall Street witnessed a significant downturn in semiconductor stocks Tuesday, impacting major AI beneficiaries. Memory chipmakers like SanDisk and Micron saw substantial drops as…