Micron shares fall 11% after Nvidia HBM4 approval sparks AI chip spending concerns

Micron Technology's stock declined by 11 percent in recent trading. The drop followed Nvidia's announcement of its HBM4 memory technology. Investors linked the news to uncertainty about AI chip spending. HBM4 is expected to power next‑generation AI accelerators. Micron had been positioned as a supplier for such memory modules. Market participants expressed caution over demand forecasts. The price movement reflects broader volatility in the AI hardware sector. Analysts will monitor upcoming earnings for signs of recovery.