$MU was quoted at $706.15 in premarket at 13:25 UTC on Nov.

$MU was quoted at $706.15 in premarket at 13:25 UTC on Nov. 6, up 7.58% from the Nov. 5 close. I'd treat that as a relief rally until the data-center worries clear. Reporting points to two parts to the Nov. 5 drop, and neither has been settled yet.

• Micron closed Nov. 5 at $656.39, down 17.46% from $795.23, with the session low reported near $650. SanDisk fell 22.26% the same day, so this hit memory broadly.
• Sector-wide, reporting tied the selloff to investor concern that post-election scrutiny or local constraints could slow U.S. data-center construction and AI infrastructure spending. That goes straight at the AI capex buildout, which I already think runs ahead of the cash flows behind it.
• Micron-specific: Bloomberg, citing unnamed people familiar with the matter, reported Micron had largely paused work on its planned Taoyuan Fab 11E over a labor dispute. Micron said its Taiwan operations are normal and it expects customer-supply continuity, and said union talks will continue, but it did not directly confirm or rebut the reported construction pause.
• Reporting described the Nov. 6 premarket move as a broader chip-sector rebound, with strong memory pricing cited as a supportive factor and the infrastructure-spending concern behind the Nov. 5 drop still in place.

I'm still skeptical on memory over a longer horizon. Pricing holds up while AI demand stays hot, and a scare over where the next data centers get built is the kind of crack I'd expect before the cycle turns. I could be wrong if spending holds, but I'd want to see the equipment names hold up before calling this a dip worth buying.

Source:
Yahoo Finance: https://finance.yahoo.com/markets/stocks/articles/micron-shares-suffer-brutal-17-103844985.html

Not financial advice. For informational and educational purposes only.