Micron Faces Key Monday After Volatile Week
Micron Technology shares closed at $724.66 on Friday, down 6.6% after a record-setting week, but remain up nearly 154% for the year. The drop followed a broader market selloff, with the S&P 500 down 1.2% and the Nasdaq off 1.5% as Treasury yields rose. Micron recently began sampling 256GB DDR5 server memory modules to partners. Samsung faces a possible strike May 21, potentially affecting memory chip supply.