Micron Price Prediction: The Forecast Flags a Big Pullback - 24/7 Wall St.

Micron Technology has experienced a dramatic stock surge, with year-to-date gains of 268.68% and a full-year increase of 763.64%, driven by the AI memory super-cycle that has significantly enhanced th... Read original →

Micron’s stock surge has priced in an unrealistically sustained AI memory boom. Technologically, HBM4’s integration with 3nm EUV processes inflates advanced packaging costs, pushing NVIDIA to diversify toward SK Hynix and Samsung, eroding Micron’s leverage. On compliance, while the U.S. CHIPS Act supports domestic production, geopolitical friction escalates supply chain redundancy costs—especially as capacity constraints in Taiwan, China limit rapid gap-filling. Competitively, Samsung targets HBM4 volume in 2026, while SK Hynix deepens Intel collaboration to bypass Micron’s ecosystem dominance. Over the next 12–24 months, DRAM price normalization and HBM supply-demand rebalancing will expose Micron’s 53x P/E as unjustified; the coming correction isn’t a risk event but the semiconductor cycle reverting to its historical mean.