Why Did Micron (MU) Stock 13% Flash Crash Ahead of Q3 Earnings?

The global semiconductor market experienced a gut check moment on June 23, 2026, as Shares of Micron Technology (NASDAQ: MU) plummeted 13.18%, closing at $1,051.77. This massive single-day wipeout erased billions in market capitalization just 24 hours before the company's highly anticipated Q3 2026 earnings print.