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As one of the strongest benefactors of surging artificial intelligence data center infrastructure demand, Micron Technology (MU) has easily attracted investor interest. However, some of that enthusiasm suffered a dent in recent sessions. Yes, MU stock remains a 64% Buy, per the Barchart Technical Opinion indicator. However, it’s difficult to overlook the red ink.
Since its closing high in late June, Micron stock has dropped more than 23%. Psychologically, MU is now trading firmly below the $1,000 threshold, raising a warning sign to outside observers. It’s not just technical pressure either. While DRAM and NAND prices continue to rise, notes Google Finance, memory pricing momentum is expected to slow down over the next year.
