Micron (MU) Stock Drops 5%, Bounces Back, But Now a Strike Could Be Next
TLDR
- Micron stock fell 5.3% Monday during a broad tech selloff over AI slowdown fears, then rose 1.1% in premarket Tuesday.
- Micron’s Taiwanese union is threatening a strike, pushing for a 15% operating profit-sharing bonus system.
- Micron already announced pay deals worth 35 to 68 months of base salary for fiscal 2026, including a one million New Taiwan dollar bonus.
- Pella Funds CIO Jordan Cvetanovski told CNBC memory stocks could have a “very good time” for the next one to two years.
- Wall Street expects Micron to report earnings of $31.30 per share on revenue of $50.78 billion on September 30.
Micron Technology (MU) stock was trading at $923.11 in premarket Tuesday, down 0.10%, after falling 5.25% the previous session. The Monday drop came as a broad tech selloff hit the sector on fears around AI spending slowdowns.
By Tuesday premarket, MU had bounced 1.1% as investor nerves around AI settled. But a new issue moved to the front burner: a threatened strike from Micron’s Taiwanese workforce.
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