Micron Slumps 22% From Post-Earnings Peak as AI Memory Boom Faces a Pause
TL;DR Summary
Micron Technology (MU) has fallen about 22% from its June-quarter highs after its strong earnings report, even dipping below pre-earnings levels. Analysts say the AI data-center memory boom remains a driver for the sector, but momentum in these names looks crowded and recent Meta/Apple headlines have added selling pressure. Citiviews the pullback as a buying opportunity, expecting DRAM memory prices to rise and AI-driven demand to support MU’s upside over the longer term.
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