Micron tumbles 13% as SpaceX IPO chatter and AI memory fears weigh on sentiment
TL;DR
Micron Technology fell about 13% on Friday as investors reassessed AI infrastructure demand after Broadcom’s results, while SpaceX’s upcoming IPO spurred talk of portfolio reallocation and potential selling pressure from retail and passive funds. Nvidia memory-supply concerns added to the gloom, but analysts argue that AI data-center demand could sustain Micron’s long‑term margins, making the decline potentially a dip-buying opportunity for some investors depending on risk tolerance.
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