SpaceX CEO Elon Musk said Micron has kept future memory prices reasonable while rivals charged “extortionate” rates. He posted it after Micron stock closed lower for a fourth straight session.
Musk was replying to an analyst’s X post that summarized a bullish JPMorgan note on the memory chipmaker. Yet the note’s strong contract numbers did little to stop Tuesday’s selling.
Why Micron Stock Slid Despite a $150 Billion Backlog
Micron shares closed at $953.19 on Tuesday, down 3.62% for the day. Over five sessions, they lost 11.54%.
Still, Micron stock remains up roughly 223% in 2026.
Much of the pressure came from China. ChangXin Memory Technologies (CXMT), the country’s leading memory maker,…
