Please rise up goddess

Micron Plunges 10%! Is Memory Now Overvalued?

Micron tumbled 10.6%, with SanDisk dropping 10.6% and memory ETF DRAM falling 10.8%, as the red-hot storage supercycle narrative reversed sharply in a single session. Trump had just days ago called Micron 'the hottest company in the world,' yet markets responded with a 10%-plus selloff, compounded by concerns over Meta's in-house cloud buildout curbing external compute demand. Is this a bull-market washout, or a topping signal?

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