Micron’s second-quarter revenue beat estimates, but shares fell -4%. Does this mean MU and tech stocks are about to fall?

On Wednesday, Micron reported better-than-expected second-quarter revenue and earnings per share, with data center revenue rising more than 60%.

MU stock rose sharply to about 4.5% at the opening, but the good times did not last long, and then fell all the way, the lowest fell to about -4%, and closed at -3.52%.

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Meanwhile, the Nasdaq fell -1.21% on Wednesday. Earlier, the Fed's Bostic reiterated his support for six rate hikes in 2022.

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Does this mean that MU or including tech stocks will see a big drop?

At the same time, AMD fell -3.25%, and Nvidia fell -3.37%.

What to do next.