Micron Technology earnings in spotlight as investors look for signs of sustained AI demand

Micron Technology shares fell about 1 percent to $1,028 ahead of its fiscal third-quarter results, with analysts expecting revenue of $35.75 billion and EPS of $20.83, representing a 282.6 percent year-on-year jump. A 13 percent drop in the previous session triggered a broader tech sell-off, with the Nasdaq 100 down 3.3 percent and S&P 500 lower by 1.4 percent amid concerns over AI demand sustainability, elevated valuations, and potential US Fed rate hikes.