MU Stock Slides 2% After-Hours As Goldman Sachs Doubles Price Target But Keeps Neutral Rating - TradingView

Micron Technology (MU) stock dropped 2% after-hours despite Goldman Sachs doubling its price target to $900 while maintaining a 'neutral' rating. Analyst James Schneider highlighted that although inve... Read original →

Micron's post-earnings dip signals market wariness over an overheated memory cycle. Technically, HBM3E’s integration with 3nm AI chips is redefining compute-memory co-design, forcing NVIDIA to lock in capacity early—but intensifying competition for EUV tools and advanced packaging. Compliance-wise, U.S. export controls raise operational costs; while Micron benefits from CHIPS Act subsidies, its fabs in Taiwan, China and Japan remain exposed to geopolitical friction. Rivals like Samsung and SK Hynix are fast-tracking HBM4, while Western Digital leverages Arm-based edge AI storage to sidestep the HBM arms race. Over the next 12–24 months, even with sustained AI server demand, DRAM pricing volatility will spike due to aggressive capex. Micron’s valuation already prices in the entire 2027 supply-demand tailwind—if Q3 fails to prove HBM yield breakthroughs, a sharp correction looms.