Micron is at risk of a significant stock price drop after its June 24 earnings report due to an unusually high number of bullish call options. The elevated options premiums and implied volatility near 120% make both calls and puts expensive, limiting profit potential. A strong resistance level at $1,200 could trigger rapid losses for call holders if the stock fails to break above it. Post-earnings, implied volatility is expected to drop sharply, potentially pushing Micron's stock down 12–21% toward support levels between $900 and $970.
D.A. Davidson's Gil Luria highlights a valuation conflict in the chip sector: Intel's stock price suggests the AI cycle will last until 2028-2030, while Micron and NVIDIA's valuations imply the AI cycle is nearing its peak. Intel's turnaround story c...
Wedbush analysts raised their estimates and price target for Micron Technology, citing stronger-than-expected pricing for DRAM and NAND memory chips. They now expect a 65% quarter-over-quarter increase in average selling prices for these chips in Mic...
Several major Wall Street firms, including Stifel, Wedbush, and Deutsche Bank, have significantly raised their price targets for Micron, citing a surge in artificial intelligence (AI) demand. Stifel increased its target to $1,500, Wedbush to $1,300, ...
Jim Cramer highlights a light earnings calendar next week focusing on FedEx, KB Home, and Micron reports. He notes that rising crude exports and a potential Iran peace deal could sharply lower oil prices, easing inflation and supporting future Federa...
Memory stocks, including Micron, have experienced their best year ever with triple-digit gains driven by the AI boom. However, investors continue to assign low valuations to these stocks because of their historically cyclical nature, marked by repeat...
