Micron Technology Inc (MU · NASDAQ)

Micron shares fell 5.6% in the last session and are down 14.6% over five days, leaving the stock 27.6% below its 52-week high with an RSI of 27, even as it remains 22.5% above its 200-day moving average. The pullback comes despite extraordinary reported results: quarterly revenue climbed from $13.64B in the November 2025 quarter to $54.23B in the August 2026 quarter, with net income rising from $5.24B to $37.70B, and the company beat estimates in all four of its last earnings reports. Fundamentals remain strong, with trailing revenue of $133.19B (up 379.3% YoY), free cash flow of $32.86B, $38.36B in cash against $5.18B in total debt, and ROE of 88.3%. Sector sentiment is a headwind — the Roundhill Memory ETF (DRAM) recorded its largest daily outflow of over $481 million amid AI bubble fears, though Samsung's reported use of TSMC technology for Nvidia's next-generation HBM chips underscores ongoing memory demand.