Micron Technology keeps its Buy rating despite a 143% stock rally, but the analyst's confidence has weakened due to limited further upside to a base price target of $873. The company's recent earnings beat expectations mainly from traditional DRAM and NAND memory pricing, with DRAM revenue hitting $39.8 billion and NAND $14.1 billion in Q4. Although Micron's high-bandwidth memory (HBM4) allocation at Nvidia is smaller than expected, strategic customer deals now cover over 75% of shipments through fiscal year 2027, providing clearer demand visibility. Valuation looks less attractive as the stock nears the base case price, with risks including potential oversupply after 2028 and increased competition from CXMT in server DRAM markets.
As of Nov 07, 2026 03:41 WIB, Micron Technology (MU) is trading at USD 691.29 on Pluang, showing a strong 1-day gain of 5.32%. The stock's market capitalization stands at $742.65 billion, reflecting significant investor interest despite concerns about valuation and future supply risks. Pluang data also shows a balanced order activity with 53% of users buying and 47% selling, indicating mixed sentiment among retail investors.
The Strive US Semiconductor ETF (SHOC) is still rated a Buy despite concerns over a possible US data center construction moratorium. Its portfolio, heavily weighted with Nvidia, Micron, and Broadcom, could see an 84% gain if global data center expans...
Walleye Capital, a $17 billion hedge fund, announced it will restructure its stock-picking unit and return some capital after losing 5.9% in October, its worst month since March 2020. The fund's losses coincided with a sharp selloff in AI chip stocks...
Shares of major chipmakers like Nvidia, AMD, Micron Technology, Intel, Sandisk, and Broadcom surged on Friday, recovering from the sector's worst selloff in six years. Nvidia and AMD saw gains of over 5% and 11% respectively shortly after market open...
Following a sharp market selloff on November 5, analyst Jack Bowman remains optimistic about tech stocks, increasing his holdings in the Magnificent Seven ETF (MAGS) and semiconductor companies such as Micron Technology. The Semiconductor ETF (SMH) h...
Memory and storage stocks like SanDisk, Micron, and Western Digital surged between 8-10% after a sharp selloff triggered by political concerns over U.S. data center construction restrictions that could slow AI spending. Despite recent earnings beats,...
