Micron Stock Drops Amid Concerns Over Proposed AI Windfall Tax
Micron stock fell by 3.8% after South Korean presidential chief of staff Kim Yong-beom proposed taxing excess corporate AI profits to fund a 'national dividend.' While the idea is not yet official policy and has faced domestic criticism, it highlights growing concerns about governments potentially imposing windfall taxes on high-margin tech sectors.
Tickers: $MU
Topics: AI Micron Technology taxation