Micron Technology shares fall 4.33% intraday despite launching space-qualified portfolio.

Micron Technology, Inc. dropped 4.33% in intraday trading. The company announced the launch of its space-qualified portfolio, including the industry's highest-density, radiation-tolerant single-layer cell (SLC) NAND product. This product is the first in a portfolio that will include space-qualified NAND, NOR, and DRAM solutions, available now. The space economy is growing rapidly, driven by commercial and government missions, and the demand for high-performance technology capable of processing data directly in orbit is rising.