Micron Has Lost Over 40% Since June. Where Does Its Price Target Stand Now?

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1. 26m ago

   Micron Down More Than 40% Since June Amid Buyback and TSMC Relief

   Micron shares have fallen over 40% since June as investors weigh memory-market risk against valuation. The stock rebounded roughly 6% after bulls highlighted bargain pricing and buyback capacity, while Seagate and Western Digital jumped about 11%. A separate 5% gain followed TSMC's statement that it remains focused on logic chips rather than memory. Barron's reported relief after a major threat was pushed further into the future. TheStreet described Micron's $35 billion decision as carrying a consumer catch. Seeking Alpha framed the stock with a $300 downside scenario and a $1,500 upside possibility. No current consensus price target appears in the provided material.

   Why it matters

   Micron's decline reflects broader pressure on memory-chip stocks as supply-demand dynamics shift. The buyback program and valuation argument have drawn bullish interest, while TSMC's avoidance of the memory business removes one competitive concern. The $35 billion capital decision suggests major spending plans that could affect consumer-exposed segments. Investors remain divided between a bear case near $300 and an optimistic case reaching $1,500, though neither target is confirmed as a formal analyst price target.

   What is confirmed

   • Micron shares have lost more than 40% since June.
   • Micron rose about 6% as investors cited bargain valuation and buyback firepower.
   • Seagate and Western Digital each jumped approximately 11% alongside Micron's gain.
   • Micron gained about 5% after TSMC said it stays in the global logic IC industry, not memory.
   • Micron faces a $35 billion decision that involves a consumer catch.

   Still unconfirmed

   • The New York Times reported that Nvidia CEO Jensen Huang was allegedly involved in a second extramarital affair, and the Wall Street Journal reported the board was meeting to consider ousting him.
   • Seeking Alpha presents a $300 nightmare case and a $1,500 opportunity case for Micron stock.

   What to watch next

   • Whether Micron's buyback program slows or accelerates the share-price decline.
   • Any formal analyst price-target updates for Micron following the recent rebound.
   • Developments around Nvidia's board and CEO Jensen Huang amid the reported allegations.
   Sources used for this update (8)

   1. Yahoo Finance — Micron Has Lost Over 40% Since June. Where Does Its Price Target Stand Now?
   2. Yahoo Finance — Micron Rises 6% as Bulls Tout Its Bargain Valuation and Buyback Firepower; Seagate and Western Digital Jump 11%
   3. Barron's — Micron Stock Gets Some Relief as This Big Threat Got Kicked Into the Long Grass
   4. Seeking Alpha — Micron: The $300 Nightmare And The $1,500 Opportunity (NASDAQ:MU)
   5. TheStreet — Micron’s $35 billion decision comes with a consumer catch
   6. TIKR.com — Micron Soars 5% as TSMC Sticks to the “Global Logic IC” Industry, Not Memory
   7. pilarpolitico.com.ar — Nvidia live updates: Stock tanks after new affair allegations, board reportedly preparing to oust Jensen Huang
   8. finance.yahoo.com — Western Digital Corporation (WDC)
   confidence 72%