Micron Technology (MU) Drops 3% on AI Demand Concerns

On May 19, 2025, Micron Technology's stock experienced a 3% drop in pre-market trading, reflecting investor sentiment and market dynamics.

Analysts have been closely monitoring Micron Technology's performance, with Christopher Danely from Citi maintaining a "Buy" rating on the stock, citing a price target of $110.00. This rating is based on the anticipated surge in demand for artificial intelligence (AI) technologies, which is expected to drive growth in the semiconductor sector.

Micron Technology's recent trading sessions have shown fluctuations, with the stock closing at $95.45 on the most recent trading day, indicating a slight shift from the previous day. This volatility is typical for a company in a rapidly evolving industry, where technological advancements and market trends can significantly impact stock performance.