Micron Stock Dips Before Earnings as Baird Cites Agentic AI Demand
Micron Technology (MU) shares declined slightly ahead of its September 30 earnings report, despite a bullish price target hike from Baird. The firm raised its target, citing a surge in demand for 'agentic AI' that is driving high-bandwidth memory (HBM) consumption. While the stock has risen significantly year-to-date, it remains below consensus targets, with analysts watching for signs of sustained AI infrastructure spending.
