Micron Shares Drop 6% Amid AI Spending Doubts and High Valuation

Micron Technology fell 5.9% to $918.36 as investors questioned whether AI infrastructure spending could slow down. The company's $50 billion quarterly revenue forecast implies 20.6% growth, but the investment case depends on how customer agreements translate into shipments, prices, and profits. Investors should watch delivery commitments and contract economics alongside demand, as a booming memory market can support enormous earnings but a premium share price keeps the pressure on execution.