Micron shares closed down 10% on Monday and are now down 30% since Micron's earnings report on March 18; Sandisk fell 7% and Western Digital dropped 9%
Micron shares plummeted 10% on Monday, continuing the memory maker's significant post-earnings sell-off.
Turns out Sam Altman “buying up” 40% of DRAM wafers was actually him writing Letters of Intent. Letters he supposedly had / has no intention of converting to actual purchases now. And memory manufacturers are just getting DUMPED on today.🍿🍿 [image]