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Micron Falls 13% in 5 Days on Chip Sector Weakness; Q3 Earnings Due June 24

2026-06-10 23:34:15

According to Barron's, Micron Technology (MU) fell 4.7% on June 10, extending a five-day decline to 13%, as market-wide chip sector weakness pressures the memory chipmaker. The stock closed at $891.88. However, Barron's notes that Micron's upcoming third-quarter earnings report on June 24 could reignite interest, with analysts expecting adjusted EPS of $19.43, up sharply from $1.71 a year earlier. Despite recent pressure, the stock has surged 680% over the past 12 months.

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