Micron Technology’s shares fell sharply, dropping below $900 last week to levels not seen since August, amid worries about an AI bubble. The stock has surged over 1,000% in five years and trades at about seven times estimated future earnings, but investor Michael Burry has warned that the AI bubble “may burst sooner than later.” Demand for memory and storage remains strong, yet the article cautions that expectations can change quickly, especially if more supply arrives sooner than expected. The author concludes Micron is not a slam-dunk buy and that growth investors should closely watch market conditions.
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