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MU Stock Is Down 10%

Micron Technology shares have experienced significant volatility, including a 10% drop and a separate 13% decline. Despite these dips, BofA raised its price target to $1,500. Investors remain focused on AI memory demand and the June 24 earnings report.

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What changed

Recent reports highlight a price target increase from BofA and a post-earnings sell-off since March.

Live updates

  1. Micron Stock Volatility Amid AI Demand and Earnings

    Micron Technology shares have experienced significant volatility, including a 10% drop and a separate 13% decline. Despite these dips, BofA raised its price target to $1,500. Investors remain focused on AI memory demand and the June 24 earnings report.

    What's confirmed:

    • BofA increased its Micron price target to $1,500 from $950 while maintaining a Buy rating.
    • Micron shares fell 10% in a post-earnings sell-off.
    • The company is scheduled to report earnings on June 24.

    Still unconfirmed:

    • Micron shares fell 13% on a Tuesday.
    • Shares have slid about 30% since reporting earnings on March 18.
    • Increased fiscal 2026 CapEx guidance of over $25 billion caused investor concern over future oversupply.
    • A KOSPI selloff involving Samsung and SK Hynix negatively impacted Micron.
    confidence 80%