Micron stock sinks 10%, further cratering in post-earnings sell-off

Micron Shares fell 10% on Monday, continuing the memory maker’s significant post-earnings selling.

The company bucked its six-day slide with a modest gain on Friday, but following Monday’s loss, the stock is down 30% since its big earnings report on March 18.

Other tech names also suffered big losses on Monday as oil rose as the Iran war entered its fifth week and President Donald Trump threatened to destroy the country’s oil facilities. Neocloud companies CoreWeave And nebius each fell by about 8%, while memory makers SanDisk And Western Digital each lost 7% and 9% of their value, respectively.

micron strong earnings report Insatiable demand for artificial intelligence chips increased in the second quarter.

Micron, SK Hynix And SAMSUNG are major suppliers of memory for high-performance AI chips from companies such as Nvidia. The increase in demand for AI has led to shortages.

After announcing earnings, CEO Sanjay Mehrotra told CNBC’s “Squawk on the Street” that key Micron customers are only meeting “half to two-thirds of their needs” due to a supply shortage.

Micron shares are up 270% from a year ago, but most of those gains have faded in 2026. Following the recent decline, the stock is up only about 2% year-to-date.