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CNBC
Micron falls 5% in premarket, paring earlier gains amid tech rout
On Friday, Micron Technology's shares experienced a nearly 5% decline in premarket trading, reversing earlier gains following an impressive earnings report. The downturn is part of a larger trend affecting U.S. semiconductor stocks, including Intel and Sandisk, which also reported losses. Investors are increasingly worried about the financial pressures from rising costs associated with artificial intelligence infrastructure, leading to a widespread sell-off that affected global markets.
MonitorConfidence: MediumShort term horizon
Published 26 Jun 2026, 10:55 UTC1 min read
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Summary
TL;DR
- Micron's shares fell 5% in premarket trading.
- Despite strong earnings, investor sentiment remains cautious.
- U.S. semiconductor firms also reported declines.
- Rising costs of AI infrastructure are a significant concern.
- Global markets are affected by the tech sell-off.
Interesting facts
- The decline in Micron shares came after a week of gains.
- Softbank in Asia saw the largest impact with a drop over 12%.
- The sell-off was not limited to U.S. markets; European and Asian chip stocks also fell.