Micron Survives $100B Wipeout as AI-Memory Rally Reigns

Micron (MU) erased roughly $100 billion in market value at Tuesday’s low, but buyers quickly stepped in, turning what looked like a major breakdown into a test of demand near the $700 area and helping lift peers in the chip sector as memory supply tightens and AI-memory bets stay in focus. The rebound spread through the semiconductor group, with names like NVDA, AVGO, TXN, ADI, ON, and STX rallying as traders weigh whether MU can hold the key $700 level. Analysts remain bullish, with a Strong Buy consensus and an average price target around $608.33 per share.