Micron Technology, Inc.’s Stock Price Plummets to $64.72, Experiencing a Significant 12.94% Drop

Micron Technology, Inc. (MU)

64.72 USD -9.62 (-12.94%) Volume: 50.55M

Declining by -12.94% in the latest trading session, Micron Technology, Inc.’s stock price stands at 64.72 USD with a substantial trading volume of 50.55M, reflecting a significant YTD percentage change of -23.10%, indicating a volatile performance in the market.

Latest developments on Micron Technology, Inc.

Recent events have caused fluctuations in Micron Technology‘s stock price. The company’s semiconductor plant construction in Clay has garnered attention, while concerns about tariffs have put Micron, Broadcom, and ON Semi at risk. Despite being labeled a trending stock, Micron’s stock hit a 52-week low due to market challenges. Various investment firms have been acquiring and selling Micron shares, with some decreasing their positions. The Trump administration’s potential withholding of CHIPS Act funding has also impacted the stock. Analysts have boosted Micron’s FY2025 EPS estimate, but recent news about the company’s gross margins has led to a nosedive in stock prices.

Micron Technology, Inc. on Smartkarma

Analysts on Smartkarma have provided mixed coverage of Micron Technology. Baptista Research‘s report on “Micron Technology: China’s Ban, AI Boom, and a Secret Weapon: What’s Really Powering Them Forward?” leans bullish, highlighting strong product innovation and beating Wall Street expectations in the fiscal first quarter. On the other hand, Jim Handy’s report “Micron 2QF25 Earnings Call Positive, But Tread with Caution” takes a bearish stance, cautioning about potential threats to Micron’s growth, particularly in China’s semiconductor industry.

William Keating’s report “Micron. HBM Gets Even Better, NAND Gets Even Worse” and Vincent Fernando’s reports “Memory Monitor: Multiple Reports Indicate Rising NAND & DRAM Prices” and “Memory Monitor: Is DeepSeek a Problem for SK Hynix & Micron’s HBM DRAM Growth?” all lean bullish, focusing on Micron’s growth prospects in the memory market. Keating highlights Micron’s increased HBM TAM, while Fernando discusses the rebound in key memory names and the potential impact of new technologies on Micron’s growth strategy.

A look at Micron Technology, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Micron Technology shows a promising long-term outlook. With high scores in Value and Momentum, the company is positioned well in terms of its financial health and market performance. Additionally, with moderate scores in Growth and Resilience, Micron Technology demonstrates potential for future expansion and the ability to withstand economic challenges.

Micron Technology, Inc. is a leading manufacturer of memory chips and semiconductor components. With a strong emphasis on value and momentum, the company is well-positioned to capitalize on market opportunities and drive growth. While its dividend and resilience scores are not as high, Micron Technology‘s overall Smart Scores indicate a positive outlook for the company’s future prospects in the technology sector.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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