Micron Technology Stock Price Falls 3% as Oil Shock Hits Tech Ahead of Earnings
Micron Technology shares fell 3.1% to $405.35 Thursday amid a broader Nasdaq selloff tied to surging oil prices from the Iran war. The drop comes ahead of Micron’s March 18 earnings report, with investors weighing strong AI-driven memory demand against market volatility. Micron last quarter posted record revenue and expects more records in Q2. Wells Fargo, Citi, and Susquehanna all raised their price targets for the stock this week.