Memory Slump Stirs Ahead of Micron Earnings

Micron Technology closed at $1,051.77, down 13.18%, as a South Korea–led memory-chip selloff hit SK Hynix and Samsung and spilled into U.S. memory names ahead of Micron’s June 24 earnings report; broader markets slid with the S&P 500 down about 1.43% and the Nasdaq down about 2.21%, underscoring investor focus on whether AI infrastructure demand can translate into sustained revenue and margin growth, with guidance on HBM demand and DRAM/NAND pricing and Q4 outlook to come.