Micron (MU) Stock: $902 After Sandisk’s Beat and a 5%…
By Tobi Opeyemi Amure
AI summary of the source article
Micron shares fell to $902.43 after hours following a 4.98% regular session drop, driven by a broader memory selloff. Despite Sandisk beating revenue expectations at $11.0 billion, markets declined over concerns regarding returns on artificial intelligence capital expenditure.
Why it matters
Pepperstone's Chris Weston told Reuters that markets were questioning "an adequate return on the enormous capital being deployed."
Key facts
- Micron closed at $934.27 on 29 October, down 4.98%, and traded at $902.43 after hours.
- Sandisk posted fiscal Q1 revenue of $11.0 billion versus $10.7 billion expected, but its shares fell 5.32%.
- Alphabet declined 12.6% following a capex-heavy quarter in which free cash flow turned negative.
Source excerpt · FinanceFeeds
Updated 30 October 2026. Micron (MU) closed Thursday at $934.27 , down 4.98 percent, and traded at $902.43 after hours at 7:59 pm ET (StockAnalysis), as Sandisk's results beat but its shares fell. On Friday the KOSPI dropped more than 5 percent, with SK hynix down 8.65 percent and Samsung down 6.03 percent by late morning in Seoul (Korea Times). Verdict: the demand data from Sandisk is strong, but…