US Stock Alert: Micron Technology Plummets on September 28—Pre-Earnings Pullback, AI Concerns, and Rising Interest Rates

Interpretation of Micron Technology’s Sharp Drop on September 28

Keywords: Pre-earnings pullback, AI concerns, Rising interest rates

1. On September 28, rising oil prices and higher U.S. Treasury yields weighed on U.S. stock index futures and the Nasdaq, putting pressure on the semiconductor sector. Micron adjusted downward in line with the industry.

2. On September 28, news that OpenAI paused training its most advanced model sparked concerns over demand for AI infrastructure. Micron fell over 2% in pre-market trading, despite Baird raising its price target and maintaining an “outperform” rating.

3. On September 30, Micron will announce results for the fourth quarter of its 2026 fiscal year. The market expects substantial growth in both revenue and EPS. Before the earnings release and subsequent guidance, investors remain cautious about the risk of missing high performance expectations.

(Disclaimer: This content is summarized and generated by AI technology from public information for reference only and does not constitute investment advice.)