Micron Stock Is Near Bear-Market Territory. Here’s Why ASML’s Guidance Says Buy the Dip.

Micron Technology (MU) has been a big winner for most of 2026—but in recent weeks a downturn in memory and storage stocks has almost sent Micron into bear market territory. MU stock is down 16% in the last month and, despite a price bump in today's trading, currently sits about 30% off all-time highs.

However, there’s at least one school of thought that indicates that Micron may be a great buying opportunity right now. Wedbush Securities points to the fact that ASML (ASML), the Dutch company that has mastered extreme ultraviolet (EUV) technology for chip manufacturing, raised guidance as a positive signal for DRAM-making companies like Micron.