On August 7, Micron Technology declined 3.76% in regular trading, trading at $849.59/share, with turnover of $9.137 billion. The stock had risen over 3% in pre-market trading but failed to sustain the rebound after the opening bell, reversing into a decline.

On the news front, the storage sector remains under pressure from the lingering impact of SanDisk's disappointing revenue guidance. SanDisk's next fiscal quarter revenue guidance midpoint came in at approximately $105.5 billion, significantly below market expectations of $111.6 billion. Goldman Sachs analysts expect the negative effects to transmit directly to Micron Technology. Storage stocks collectively extended losses during the session, with Seagate falling over 8%, Western Digital declining over 5%, and SK Hynix dropping over 4%.

Within the Semiconductors sector, SK Hynix fell 6.6%, Advanced Micro Devices declined 1.76%, while NVIDIA rose 1.16%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)