Micron (MU) Fell 7%. Is the AI Memory Trade Now Too Expensive?

Micron Technology, Inc. (NASDAQ:MU) fell 7% to $940.76 on August 19 amid a semiconductor selloff as rising bond yields increased scrutiny of highly valued AI stocks. The Philadelphia Semiconductor Index dropped 5%, and Micron’s decline followed an almost 18% gain over the previous five sessions. Even after the reversal, the shares have more than tripled […]