TradingKey – Micron Technology’s stock price hit a sell-off in the semiconductor sector, with its short-term trend weakening significantly. On October 22 Eastern Time, Micron Technology (MU) closed down 6.26% at $856.49, hitting an intraday low of $849.25, with trading volume expanding to 32.14 million shares. Although the stock price rebounded to near $884 in pre-market trading on October 23, whether it can hold $850 will still determine the next phase of its trend.

This decline was not caused by a sudden deterioration in Micron’s fundamentals, but rather a rapid cooling of risk appetite in the AI and semiconductor sectors. Tesla (TSLA) lowered its full-year 2026 capital expenditure forecast from $25 billion to $20 billion, triggering…