The broader technology sector also came under pressure, with Nasdaq futures down 2.44% and S&P 500 futures off 1.29%.Sethi Says Fundamentals Will Matter After PullbackDCLA managing partner Sharat Sethi told CNBC on Monday that Micron looks “a little bit ahead of itself” after an 800% rally over the past year. Still, he said a pullback could create an opportunity if the company’s fundamentals remain strong.Sethi said investors should watch Micron’s earnings and guidance to see whether demand can continue for at least the next couple of years.He said a 20% to 25% pullback could be attractive if Micron continues to hit its numbers and exceed guidance, especially if short-term traders are leaving the stock after a fast rally.However, Sethi said investors should avoid the trade if pricing softens, capacity comes online, demand slows, or key customers stop ordering, because that would signal a fundamental change in the thesis.Needham Raises Target As Memory Market StrengthensNeedham maintained a Buy rating on Micron and raised its price forecast to $1,550 from $500 on Monday.The firm said the memory market has strengthened over the past 90 days, supported by solid demand, firm pricing, and limited capacity additions.Needham also said long-term supply agreements can improve multi-year demand visibility, while AI’s growing reliance on memory can support higher valuation multiples.Wall Street Expects Sharp GrowthMicron is scheduled to report earnings on June 24.Analysts expect earnings of $20.20 per share, compared with $1.91 per share a year earlier. Revenue is projected to reach $35.01 billion, up from $9.30 billion in the prior-year period.The stock trades at about 57.2 times earnings, reflecting a premium valuation.Wall Street maintains a Buy consensus rating. The average analyst price forecast stands at $1,184.58. Recent analyst actions include: