Micron Technology's stock fell 7% following a Texas governor election that could halt new data centers, a key growth driver for the company. Despite this, Micron reported record revenue of $133.19 billion in fiscal 2026, driven by AI demand, with strong margins and supply agreements securing over 75% of fiscal 2027 shipments. The stock trades at 5x forward earnings, reflecting cautious investor sentiment amid policy risks that could impact data center expansion, especially in Texas, which accounts for 25%-30% of planned capacity. Investors should watch upcoming state policies, hyperscaler spending, and quarterly margins for signs of recovery or further decline.
Micron Technology's shares are trading at USD 755.60 on Pluang, down 4.98% as of Nov 05, 2026 21:03 WIB, reflecting ongoing investor caution. The stock's market cap stands at $899.74 billion with a 79% buy order activity, indicating strong interest despite recent declines. This aligns with the article's note on policy risks in Texas potentially affecting growth prospects.
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