Micron Shares Drop 6.1% After Q3 FY26 Earnings as AI Chip Bubble Fears Hit Sector
Updated
Updated · Seeking Alpha · Jul 7
Micron Shares Drop 6.1% After Q3 FY26 Earnings as AI Chip Bubble Fears Hit Sector
3 articles · Updated · Seeking Alpha · Jul 7
Summary
Micron shares have fallen about 6.1% in the nearly two weeks since the company reported Q3 FY26 results, despite what the report described as an exceptional quarter.
That slide has come as chip stocks broadly weakened on Tuesday, with Micron, Marvell and Intel down 4%-6% in early trading and Broadcom off 2.8%.
AI bubble fears have driven the selloff, as investors question whether productivity gains can justify heavy spending on AI chips and data centers.
The pressure has extended beyond U.S. names: Western Digital dropped 7% and Samsung Electronics fell 7.7% in Asia, underscoring a wider semiconductor pullback.