00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Micron shares fell 10% on Monday, extending a post-earnings decline after a brief gain on Friday,
00:07according to CNBC. The stock is now down 30% since its March 18th earnings report.
00:12Other tech companies dropped as oil prices rose during the Iran War,
00:15and President Trump threatened to destroy the country's oil facilities.
00:18CoreWeave and Nebius each fell about 8%, while SanDisk and Western Digital dropped 7% and 9%,
00:24respectively. Micron reported strong second-quarter earnings driven by demand for AI chips.
00:29CEO Sanjay Mehrotra said customers receive only half to two-thirds of needed supply due to shortages.
00:35Shares have risen 270% over the past year, but most of those gains have faded in 2026.
00:40The stock is now up about 2% year-to-date after the recent decline.
00:44For all things money, visit Benzinga.com.
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