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Micron's monster post-earnings rally is almost gone. Traders divided on where it goes next

CNBC · Jun 29, 2026, 6:28 PM

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  • Micron Technology's monster post-earnings rally is almost gone.
  • Shares of the maker of memory chips traded as low as $1,023.65 on Monday, down 18% from the 52-week high reached on Thursday.

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Micron Technology's monster post-earnings rally is almost gone.

Shares of the maker of memory chips traded as low as $1,023.65 on Monday, down 18% from the 52-week high reached on Thursday. Monday's session low is also nearly $25 below the stock's closing level on Wednesday before Micron reported fiscal third-quarter revenues that blew past analyst expectations.

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