Micron Shares Drop Amid Tech Stock Sell-Off on July 16
On July 16, the stock market saw a broad sell-off in tech stocks with Micron Technology plunging nearly 6%. The Nasdaq Composite fell by 1.47%, while the S&P 500 and Dow Jones also declined slightly. Concerns over AI spending and geopolitical tensions contributed to reduced risk appetite.
Topics: AI spending geopolitical tensions stock market technology sector