Micron Technology offices in San Jose, California, US on Tuesday, December 16, 2025.
David Paul Morris | Bloomberg | getty images
micron Shares fell 10% on Monday, continuing the memory maker’s significant post-earnings selloff.
The company broke a six-day losing streak on Friday with a modest gain, but with Monday’s loss, the stock is down 30% since its underwhelming earnings report on March 18.
Other tech companies also suffered big losses on Monday as the Iran war entered its fifth week and President Donald Trump threatened to destroy the country’s oil facilities, sending oil prices higher. neocloud companies corewave And nebius Each declined by about 8%, while memory makers SanDisk And Western Digital Each sank 7% and 9% respectively.
micron is strong earnings report The second quarter was boosted by insatiable demand for artificial intelligence chips.
micron, SK Hynix And SAMSUNG are major memory suppliers for high-performance AI chips from companies like NVIDIA. The increase in demand for AI has led to a shortage.
After reporting earnings, CEO Sanjay Mehrotra told CNBC’s “Squawk on the Street” that key Micron customers are only getting “half to two-thirds of their requirements” due to supply shortages.
Micron shares are up 270% from a year ago, but most of those gains have been pared down in 2026. The stock is up just 2% year-to-date after the recent decline.
Micron stock soared after reporting second-quarter earnings on March 18.
