๐ป Micron $MU slides 5% premarket โ memory stocks officially in bear market, -22% from highs
Micron is down another ~5% this morning, deepening a 22% drawdown from its 2026 highs as the entire memory chip space (MU, Samsung, SK Hynix) enters bear market territory. Fuel on the fire: a class-action lawsuit targeting memory chipmakers and fresh geopolitical risk after Trump declared the US-Iran ceasefire 'over,' sending oil up 6%+ and slamming tech broadly. UBS still holds a $1,486 price target on MU. Not financial advice. Is this a generational dip-buy or is the AI spending cycle finally cracking?
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