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Micron Crashed 30%—Why Wall Street Still Sees Massive Upside!

Micron Technology has become one of the most dramatic stocks in the artificial intelligence trade. After gaining nearly 700% over the previous 12 months and briefly crossing $1 trillion in market value, the memory-chip producer suffered a roughly 30% monthly decline that pushed its valuation back below that threshold. The shares subsequently rose 1.9%, ending a three-day losing streak, but the rebound has not settled the larger debate. SK Group Chairman Chey Tae-won, whose company controls rival SK Hynix, warned that current memory prices are abnormal and unsustainable over the long term. At the same time, he expects overall memory demand to rise nearly 60% next year, while KeyBanc believes industry conditions may not loosen until at least 2028. Micron’s latest earnings call adds another layer to the contradiction: the stock has corrected sharply even as revenue, profitability, customer commitments, and AI-related demand reach unprecedented levels.