Movement Alert|Micron Technology rises 4.34% in Pre-Market Trading, technical rebound follows Taiwan fab construction halt shock

Market Focus
Yesterday

On November 6, Micron Technology rose 4.34% in Pre-Market Trading, trading at $698.19 per share, with turnover of $132 million.

The move follows a technical rebound after the stock’s prior sharp selloff tied to the suspension of construction at its Taoyuan, Taiwan memory-chip plant amid a labor dispute.

Recent reports said the affected project carries an estimated budget of $3 billion to $4.5 billion, was originally targeted for production in 2028, and was expected to make HBM and DRAM products. The company said its existing Taiwan operations remain normal, but the market has been reassessing possible disruption to expansion timing and AI memory capacity plans. Earlier in the previous session, Micron fell 17.46%, while options flow also reflected more defensive positioning after the drop.

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