Top memory-chip providers have ample room to raise prices further, but Musk thinks Micron isn't squeezing its customers to an excessive degree.
On the evening of Oct. 13, Elon Musk publicly praised Micron Technology (NASDAQ:MU | MU Price Prediction) for how it handles memory pricing. His comment came while Micron shares sit 25% below their 52-week high.
Micron Technology, Inc. slid from $1,097 after earnings to $953 as CXMT's new DRAM cell design landed on top of a semis selloff already underway. The 10-K values Micron's $134B of contracts at minimum prices, and only $33.5B lands next year, so they matter most if the cycle turns. If FY27 and FY28 land near consensus, $953 already assumes earnings fall back to roughly FY26 levels afterward, which would take something like a 65% drop in memory prices.
Chip stocks are sliding hard, but Jim Cramer says investors are watching the wrong signal entirely. The real tell has nothing to do with the semiconductor index, and the data buried in Micron's latest filing may prove he's right.
Micron Technology (NASDAQ: MU) is preparing to pay its next quarterly dividend as the memory-chip maker faces renewed selling pressure and intensifying competition.
Elon Musk just called unnamed memory makers extortionate while praising Micron's pricing as a model for long-term loyalty, but the company's own contracts tell a more complicated story about who actually controls prices.
Micron stock has dropped in the past week but Elon Musk backed the memory-chip company's long-term strategy.
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Micron Technology TodayMUMicron Technology$936.74 -52.30 (-5.29%) As of 02:51 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$186.25▼$1,255.00Dividend Yield0.06%P/E Ratio12.60Price Target$1,407.88Add to WatchlistMicron Technology, Inc. NASDAQ: MU recently saw its share price decline amid concerns about advancements in Chinese memory technology.
Micron Technology (NASDAQ: MU) stock plunged on Tuesday, October 13, as investors reassessed the outlook for the memory chipmaker.
Micron Technology, Inc. demonstrates superior growth and profitability metrics versus peers, while trading at a significant valuation discount. MU's AI-driven memory demand, multi-year strategic customer agreements, and disciplined cost controls underpin robust revenue and margin expansion. My DCF-based fair value estimate is $1,500.36 per share, 52.5% above current levels, with a Strong Buy rating justified by conservative assumptions.
Memory stocks are slipping for a second straight session after Chinese rival CXMT laid out plans to compete for the high-end server market. Micron Technology (NASDAQ:MU | MU Price Prediction) stock is at $942.