On August 6, Micron Technology fell 5.72% in regular trading, trading at $847.33/share, with turnover of $4.843 billion. The decline came amid broad-based selling across the memory chip sector.

On the news front, storage giant SanDisk reported earnings that exceeded expectations for Q4, with revenue surging 372% year-over-year to $89.7 billion and adjusted EPS of $39.25. However, its next-quarter revenue guidance midpoint of approximately $105.5 billion fell significantly short of the $111.6 billion market consensus, triggering a sell-off across the sector. Goldman Sachs analysts noted that the negative effects of SanDisk's weak guidance would likely transmit to Micron Technology. The broader memory sector declined in tandem, with SK Hynix falling over 7% and Western Digital dropping more than 15%, reflecting widespread concern over near-term demand softness in the storage industry.

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