Time to Buy the Dip on Micron Stock?
Shares of memory chip manufacturer Micron Technology (NASDAQ: MU) have been hit hard over the past month, and the announcement of tariffs last week by the Trump administration added fuel to the fire. Micron stock has dropped more than 35% from its one-month high, and it's down nearly 60% from its 52-week high.
Should investors buy the dip? Or is Micron stock poised to drop further as economic uncertainty ramps up?
Artificial intelligence (AI) accelerators generally use high-bandwidth memory (HBM) to facilitate the computations necessary to train and run advanced AI models. HBM is a real bright spot for Micron right now. The company has been ramping up manufacturing capacity for these chips, and it broke ground earlier this year on an HBM advanced packaging factory in Singapore.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 142 Buy predictions and 1 Sell predictions.
As a result the target price of 435 € shows a slightly positive potential of 12.49% compared to the current price of 386.7 € for Micron Technology Inc..
