Micron Stock Plunge Sets Up a Big Monday Test for the AI Memory Trade
Micron Technology heads into the new week with its AI-memory trade badly dented. The shares closed at $864.01 on Friday, down 13.3%, after peaking at $1,089.29 on Wednesday; because U.S. equity trading is paused for the weekend, that Friday close is the latest market marker. This matters now because Micron no longer trades like a plain cyclical bet on commodity memory. Reuters reported last week that high-bandwidth memory, or HBM — stacked memory used alongside AI processors so data can move faster — has pulled Micron into specialized, longer-term deals, including parts tied to Nvidia’s coming Vera Rubin platform.