Can someone explain what the deal with $MU is?

Micron has consistently delivered great results for the last couple of quarters. For FQ1 of 2022 they
reported 33% Y/Y growth and solid profitability. They offer a dividend and the company has the lowest P/E ratio in the entire sector by a huge margin.

So, why is the stock 20% down YTD? Even after smashing earnings, it takes a huge hit or remains stagnant at best.