Micron shares rose 1.9% on Thursday, trading as high as $931.65 and last at $931.24, on volume of 38,262,255 shares, below the average of 41,195,492. Supporters point to tight memory supply and strong AI demand, with management expecting supply constraints could persist through 2028, after fiscal fourth-quarter revenue of about $54.2 billion beat the top of its outlook. The company also has a $35 billion share repurchase authorization and pledged $50 million to U.S. memory research. Several analysts see the recent retreat as a buying opportunity, but the article flags risks from CXMT's progress in DDR5 and server memory, possible industry oversupply later this decade, and broader pressure on AI stocks from inflation and possible rate hikes. A senior executive sold 6,328 shares on October 14, and the consensus rating is 'Moderate Buy' with a target of $1,407.88.
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Original headline: Micron Technology ( NASDAQ : MU ) Shares Up 1 . 9 % – Still a Buy ?
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