SANTA CLARA, Calif. — Micron Technology shares fell about 11% on Tuesday as semiconductor stocks declined broadly in a global technology sell-off, with investors reducing exposure to chipmakers ahead of the company’s earnings report and amid concerns about interest-rate expectations and artificial intelligence-related spending. Reuters reported that Micron and other semiconductor companies were among the stocks hit as the Nasdaq and S&P 500 moved lower during the session.
The decline in Micron, a major producer of memory chips, came as semiconductor shares faced pressure across global markets. Reuters reported that the Philadelphia Semiconductor Index fell sharply on Tuesday, while other chip companies including Nvidia and several major technology firms also recorded losses. South Korean semiconductor companies also saw significant declines, contributing to broader weakness across the sector.
Market moves followed renewed attention on Federal Reserve policy expectations and investor concerns about the pace of spending tied to artificial intelligence infrastructure, according to Reuters. The report said technology shares were pressured as investors assessed the possibility of a more restrictive interest-rate environment and examined valuations across the sector.
Micron’s shares had been among the strongest performers in the semiconductor industry in 2026 before the sell-off, according to market reports. The company has benefited from demand related to memory products used in advanced computing systems, but its stock has faced increased volatility as investors reassess the outlook for chip demand and technology spending.
The move came one day before Micron was scheduled to report its latest financial results. Investors were expected to focus on the company’s performance and outlook for memory-chip demand. Details on the market reaction after the report remained unclear at the time of publication.
Micron has not announced any change to its business outlook specifically related to Tuesday’s stock decline. The company’s most recent public statements and financial disclosures remain the primary sources for its operational expectations.
“We remain focused on executing our strategy and meeting customer demand,” Micron Chief Executive Sanjay Mehrotra said in a previous company statement regarding its business operations. The company has not issued a new statement attributing the share-price decline to a specific cause.
Trading in semiconductor stocks continued to be monitored on Wednesday, with investors awaiting further company updates and economic data. The broader technology sector remained under pressure following Tuesday’s market decline.
