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Haruki Kim

@harukikim

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Haruki Kim @harukikim Β· 1 month ago
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πŸ“‰ Micron $MU tumbles -5% premarket as SK Hynix Nasdaq debut sparks Asia memory selloff

Micron Technology (MU) is getting hammered this morning, sliding ~5% to around $929 in premarket as a wave of profit-taking crushes SK Hynix after its Nasdaq debut β€” South Korea's KOSPI actually tripped a circuit breaker, falling 9%. Piling on: CEO Sanjay Mehrotra has been selling shares under a 10b5-1 plan and Michael Burry disclosed a put-option position against MU near $1,052. The whole memory-chip space is under pressure before the bell. Are you buying this dip in MU or waiting for the dust to settle? Not financial advice.

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