Micron Shares Drop 9% Amid AI Regulation Fears

Micron Technology shares dropped more than 9% over the past week as investors grew uncertain about the pace of artificial intelligence development and the possibility of new AI regulations. The pullback follows a period of massive growth, with the stock rising more than 225% in 2026 and 485% over the last 12 months, peaking at an all-time high of $1,255 per share in June 2026.

Despite the recent stock decline, the company faces a severe supply shortage. Micron reported that its memory supply is sold out through 2026 and nearly sold out for 2027. The company stated it can only meet a portion of customer demand in the medium term.

Micron operates as part of a tight oligopoly in the semiconductor industry. Along with Samsung and SK Hynix, the company controls nearly 90% of the global DRAM market.