Memory Chip Stocks Enter Bear Market Despite Strong AI Demand and Micron's Record Performance
Micron Technology (MU) has fallen over 30% from its 52-week high, contributing to a broader sell-off in the chip sector as memory stocks enter bear market territory. The drop erased more than $400 billion of Micron’s value despite record revenue and strong financial performance driven by AI demand.
Topics: AI demand market valuation memory stocks semiconductors