Micron Technology's stock fell over 12% in a month amid bearish sentiment and tough memory sector earnings. However, strong demand for memory chips in AI, backed by major buyers like NVIDIA and SK Hynix, supports Micron's growth. The company has secured long-term contracts covering 35% of sales through 2030, providing revenue stability and pricing power. With solid cash flow, a recent dividend increase, and new product launches planned for 2027, the stock is seen as undervalued compared to peers, making it an attractive buy despite cyclical risks.
Micron Technology (MU) is trading at USD 878.73 on Pluang as of Oct 31, 2026 00:02 WIB, down 5.94% in the last day. Despite the recent price drop, typical investors hold MU shares for about 50 days on the platform. Meanwhile, Nvidia (NVDA), a key player in AI chip demand, is priced at USD 203.87 with a 1-day decline of 4.58%.
Sandisk reported a strong quarter beating revenue and earnings estimates, raised its guidance, announced a $5 billion buyback, and an 8-for-1 stock split. Despite these positives, its shares fell 9%, dragging down other memory stocks like Western Dig...
Recent volatility in the technology sector is driven by worries over AI infrastructure spending, financing costs, and investment returns. Alphabet's earnings revealed strong AI cloud demand but raised concerns due to disappointing profits and high ca...
Memory chip stocks, including Sandisk and Micron, fell about 5% after Samsung Electronics missed profit expectations despite strong AI chip demand. Samsung's quarterly net profit was below estimates, causing a sell-off in memory stocks ahead of Sandi...
Micron Technology's stock has surged 222% this year but still trades at a modest 5 times forward earnings, reflecting strong demand locked in through customer agreements and robust earnings growth. Despite a recent pullback and cyclical risks in the ...
Micron is rated a 'Strong Buy' with a price target range of $1,200 to $3,000, trading at under 6 times its guided run-rate earnings. The company has consistently beaten revenue guidance by significant margins over the last three quarters, with the la...
