Micron Technology, Inc. (NASDAQ:MU) saw a 4.75% decline in stock price on Monday, closing at $118.61 per share as investors sold off positions due to a lack of catalysts. Shareholders as of July 7 record will receive $0.115 per share in quarterly dividends after a strong earnings performance. Net income rose by 468% to $1.885 billion in the third quarter of fiscal year 2025, with revenues increasing by 36.5% to $9.3 billion.

Chairman, President, and CEO Sanjay Mehrotra stated that Micron Technology is on track to deliver record revenue and profitability in fiscal 2025. The company is making investments to meet the demand for AI-driven memory. While MU has potential, some AI stocks may offer higher returns with limited downside risk. For more information, refer to the free report on the best short-term AI stock.

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Read more at Yahoo Finance: Micron Technology (MU) Tumbles 5%. Here’s Why