Shares of Micron Technology (NASDAQ: MU) were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.

The tech-heavy Nasdaq slipped 3% Monday afternoon as a perceived threat from Chinese artificial intelligence startup DeepSeek prompted a global sell-off of tech stocks.

Nvidia shares closed down almost 17%, posting its biggest drop since March 2020 and erasing nearly $600 billion from the company's market cap. Broadcom fell 17.4%, and other chip stocks like Micron declined 11.