From Yahoo Finance: 2025-04-08 16:41:00

Micron (NASDAQ: MU) stock dropped 5.2% despite a 6.7% gain earlier, as the S&P 500 and Nasdaq Composite closed down 2.1% and 2.9%. Trade tensions escalated as the U.S. plans tariffs totaling 104% on Chinese products, causing market volatility and impacting Micron’s performance.

News of upcoming U.S.-Japan trade negotiations initially boosted market optimism, but tariffs on Chinese goods rising to 104% reversed momentum. Micron faces potential challenges due to reliance on manufacturing facilities in Taiwan and Japan, with fears of tariffs impacting performance and demand in multiple markets.

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Read more: Why Micron Stock Sank Today