AI chip stocks were riding high. Here’s why Micron and others are now pulling back.

After a strong surge driven by high demand for AI chips, stocks like Micron are experiencing a pullback due to analysts' high expectations and worries about rising Treasury yields. There's also apprehension about a possible letdown regarding Anthropic's financial progress. This shift matters because it reflects broader market sentiment towards tech stocks and the economic factors influencing investor confidence. The developments could signal a shift in how investors view the future growth potential of AI-related technologies.