Shares of Micron Technology fell another 3.2%, or $28.90, to $875.38 on Thursday morning, extending a punishing stretch for the memory chipmaker that has now wiped out more than a quarter of its value from the record highs it reached earlier this year.

Thursday's decline followed an even steeper drop Wednesday, when Micron shares tumbled 8.02%, falling from $983.12 to $904.28 in a session that saw the stock swing nearly 12% between its intraday low of $873.63 and high of $978.40. Trading volume surged alongside the losses, with roughly 54 million shares changing hands Wednesday, well above the company's average daily volume of about 44 million shares, a signal that some analysts flagged as a sign of elevated risk in the stock's near-term trajectory.

The stock has now fallen in six of its last ten trading sessions, a stretch that has produced a cumulative decline of more than 21% over that period. Micron shares remain down roughly 30% from the 52-week high of $1,255 they touched earlier this year, even as the stock trades well above its 52-week low of $103.38 and remains up sharply over the past 12 months, reflecting the extraordinary volatility that has characterized the memory chip sector throughout 2026.

Several factors have converged to pressure Micron and its peers across the memory chip industry in recent sessions. Chinese memory chip maker ChangXin Memory Technologies, known as CXMT, announced plans for an $8.5 billion initial public offering, a development that has intensified investor........

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