Investment
Features
FeesSafety
Academy
More
Pluang+

Elon Musk praises Micron's fair pricing as shares drop 25% from recent high amid strong long-term growth.

Market News
14 Oct 2026
24/7 Wall Street
View Source
Bullish
Elon Musk praises Micron's fair pricing as shares drop 25% from recent high amid strong long-term growth.

Elon Musk publicly praised Micron Technology for its reasonable memory pricing, contrasting it with unnamed rivals he called extortionate. His comments came as Micron's shares fell 25% below their 52-week high, despite the stock having gained over 230% year-to-date and nearly 389% over the past year. Micron, a key supplier of memory and storage products used in data centers and AI, continues to receive mostly positive analyst ratings with an average price target well above current levels. Investors should watch how the stock performs leading up to the next earnings report, especially given the recent pullback amid a strong multiyear run.

Micron Technology holds a market cap of $1.08 trillion and an enterprise value of $1.04 trillion as of October 14, 2026, 21:21 WIB, with a daily trading volume of 28,906,235 shares on Pluang. The stock's dividend yield remains low at 0.06%, and typical investors hold the stock for about 48 days. Despite a 1.03% drop on the day, buy orders dominate at 67%, indicating sustained interest among Pluang users.

More News (MU)

NVIDIA, Micron, and SanDisk poised for 45%+ gains by 2027 amid AI-driven demand surge.

NVIDIA, Micron, and SanDisk poised for 45%+ gains by 2027 amid AI-driven demand surge.

NVIDIA, Micron, and SanDisk are central suppliers to the AI industry, benefiting from strong memory and storage demand as AI compute becomes revenue. Analysts predict 45% or more upside for each stock by 2027, supported by rising earnings estimates a...

Analyst Insights
Bullish
4 hours ago
Micron shares fall amid DRAM design news and semiconductor market selloff

Micron shares fall amid DRAM design news and semiconductor market selloff

Micron Technology's stock dropped from $1,097 to $953 following earnings and news of CXMT's new DRAM cell design, which added pressure to an ongoing semiconductor market selloff. The company's $134 billion in contracts are valued at minimum prices, w...

Analyst Insights
Bullish
4 hours ago
Chip stocks slide but strong Micron contracts show demand remains robust, says Jim Cramer.

Chip stocks slide but strong Micron contracts show demand remains robust, says Jim Cramer.

Chip stocks like Micron and Nvidia have fallen recently, sparking concern among investors. However, Jim Cramer argues that the semiconductor index is misleading and advises watching actual device demand instead. Micron's latest earnings reveal strong...

Market News
Neutral
5 hours ago
Strive US Semiconductor ETF (SHOC) rated strong buy on Nvidia's strong results and rising hyperscaler spending.

Strive US Semiconductor ETF (SHOC) rated strong buy on Nvidia's strong results and rising hyperscaler spending.

The Strive US Semiconductor ETF (SHOC) remains a high-conviction buy due to Nvidia's impressive earnings and increased capital expenditure by hyperscalers. The ETF's portfolio is now heavily concentrated, with Nvidia and Micron making up about one-th...

Market News
Bullish
6 hours ago
S&P 500 and NASDAQ near highs amid risks; market leaders falter, signaling possible correction ahead

S&P 500 and NASDAQ near highs amid risks; market leaders falter, signaling possible correction ahead

The S&P 500 and NASDAQ remain near all-time highs despite growing economic challenges like rising energy costs and weakening consumer fundamentals. Key semiconductor stocks such as Intel, Broadcom, and Micron are showing signs of decline, indicating ...

Market News
Bearish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App