Micron stock had a bad end to the holiday-shortened week but there are already signs it could rebound once the Fourth of July celebrations end.

The memory-chip maker fell 5.5% on Thursday after a 10.6% slump in the previous session, taking the shares to $975.56--the first time it's closed below $1,000 since June 12.

While U.S. stock markets are closed Friday, markets were open as normal in South Korea. The country's KOSPI Composite index has become an indicator of where U.S. tech stocks might go next. It's a particularly reliable sign for Micron as its memory-chip rivals SK Hynix and Samsung dominate the KOSPI.

The index rebounded Friday, climbing 5.8%. SK Hynix stock jumped 11%, regaining significant ground after diving 15% in the previous session. Samsung closed 8.2% higher after Thursday's 9.1% drop. Both avoided a third consecutive day of losses, something investors will hope Micron can also do on Monday.

Aside from the positive signs in South Korea, Micron stock doesn't tend to fall for more than two consecutive days. It's only happened twice this year--a six-day losing streak in March and a three-day slump in May.

Those streaks have proved to be brief pauses in Micron's 242% rally in 2026.

"The bloom came off the rose last week for the AI infrastructure trade," Freedom Capital Markets analyst Paul Meeks said. "There was no change in fundamentals--if anything, Micron made us feel even better about things.

"It was just valuation multiple compression given doubts about how long these good times will last. At least into 2028, we say."

If that's correct, then Micron's recent tumble will be just another blip.