Micron Technology Shares Fall 19.5% in Worst Week of 2026 Amid Demand Concerns

AI Summary

Micron Technology (NASDAQ: MU) shares dropped approximately 19.5% over the five trading days ending March 26, 2026, and are down over 23.5% from a recent high of $471.34 recorded earlier this month. The decline has raised concerns regarding memory demand sustainability, despite Micron planning to increase capital expenditures to over $25 billion in fiscal 2026, with more than $10 billion earmarked for construction-related expenses in fiscal 2027. The company’s management reported that some customers are receiving only half to two-thirds of their medium-term memory requirements, indicating ongoing supply constraints. Future profitability may be impacted by potential normalization of memory prices, even as AI-driven demand persists.