Micron Technology’s MU surged rapidly in the past few days but then faced strong profit-taking and pulled back, with a single-day drop of -5.54%. Stocks in the same sector, such as SanDisk SNDK, also saw sharp pullbacks.

After the earlier rapid rally driven by a surge in HBM demand, the semiconductor sector displayed extremely high volatility during the “earnings super week.” In the short term, risk-averse capital chose to lock in gains and exit before the weekend.

Although industry supply-chain data continues to confirm a shortage of high-bandwidth memory capacity, when the market had disagreements over the capital expenditure pace across the entire AI industry chain, upstream high-beta chip targets bore the brunt of the rebalancing and selling pressure.

‍$MU

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