Micron (MU) stock price drops at the open as chip trade sours — what traders watch next
Micron Technology shares fell 4.8% to $414.88 in early Monday trading, underperforming chip sector peers after TrendForce raised its Q1 DRAM contract price forecast to a 90%-95% jump. The iShares Semiconductor ETF dropped 4.1%. Investors are watching memory pricing trends ahead of Micron’s Feb. 11 investor conference.