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Story summary
- Micron Technology’s shares fell 2.62% after OpenAI announced a temporary pause on training several AI models.
- Investors traded out of Micron stock on Monday, driving the price down further.
- Micron reported quarterly revenue of $41 billion, more than four times year-over-year.
- Adjusted net income rose to nearly $29 billion from just over $2 billion a year earlier.
- Micron’s share price has more than tripled YTD, reaching a 52-week high of $1,255.
