Micron Technology, Inc. (MU) Stock Rises After Entering Bear Market

Micron Technology, Inc. (NASDAQ:MU) is among the Ray Dalio Stock Portfolio.

On July 8, Barron’s reported that Micron Technology, Inc. rebounded after entering a technical bear market, rising 0.3% on Wednesday after sliding 4.7% a day earlier. Barron’s said the prior decline left the  stock more than 20% below its recent closing high.

The report said investors rotated out of AI-linked stocks after President Donald Trump declared the US-Iran cease-fire was over, lifting oil prices and reviving concerns about inflation, interest rates, and AI infrastructure spending. South Korean memory makers Samsung Electronics and SK Hynix each fell nearly 6%.

Despite the pullback, Barron’s said Micron Technology, Inc.  shares have more than tripled this year and argued the stock could double from current levels. It cited a Wall Street average price target of about $1,576, according to FactSet.

Morgan Stanley analyst Shawn Kim wrote, “This reset on price does not mean the cycle is over,” adding that sustained or higher hyperscaler AI spending would make current memory-stock levels “a good entry point.”

Micron Technology, Inc. provides innovative memory and storage solutions. It operates in the Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit segments.

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