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Micron Stock Falls 6.59% on Tuesday as Investors Question AI Returns

2026-07-28 12:42:12

MU-9.47%

NVDA-1.17%

SK Hynix-14.64%

SKHY-7.68%

SKHYV-0.98%

Micron Technology Inc. (NASDAQ: MU) stock fell 6.59% to approximately $840.88 in pre-market trading on Tuesday, extending losses from the previous session when shares dropped 2.25% to $900.20. The decline reflects growing investor concerns about whether massive AI infrastructure investments can generate adequate financial returns. Semiconductor stocks including Nvidia and SK Hynix also fell amid similar concerns over AI capital expenditure sustainability. Chinese memory manufacturer CXMT's recent market debut adds competitive pressure on Micron and other foreign chipmakers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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