Why Micron Stock Suddenly Crashed

Micron stock plummeted 10% following concerns about a leveraged ETF bubble in South Korea. The Korean Financial Supervisory Service's warning about 2x leveraged ETFs tracking Samsung and SK Hynix—which have grown to over $9 billion—triggered a broader sell-off in memory chip stocks. Investors are questioning whether Micron's 847% gain over 52 weeks was artificially inflated by momentum trading rather than fundamental value.