Micron Technology experienced a significant decline, with its stock down 13% in one day, marking the largest drop in over a year. This decline is attributed to a broader selloff in the technology sector, notably impacting memory chip stocks like Micron and SK Hynix, which also saw a sharp decrease of 12.5%. The situation raises concerns about Micron's performance ahead of its upcoming earnings report.

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A Bad Omen for Micron? Stock Suffers Worst Day in More Than a Year Ahead of Earnings.

By Callum Keown

and George Glover

Updated June 23, 2026, 5:44 pm EDT / Original June 23, 2026, 3:39 am EDT

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SK Hynix stock tumbled 12.5% in a sharp Asian tech selloff Tuesday. (AFP via Getty Images)

Highflying memory chip stock Micron Technology was down 13% Tuesday as the tech selloff gathered pace, its largest drop in more than a year.

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Micron’s Red-Hot Run Hits a Wall as Stock Suffers Worst Drop in More Than a Year

A Bad Omen for Micron? Stock Suffers Worst Day in More Than a Year Ahead of Earnings.