Micron plunged 28.7% in July, but BofA says even a severe memory downturn could leave EPS near $100, eight times its 2018 peak.
Micron Technology Inc.
(NASDAQ:MU) stock just suffered its worst month in more than a decade.
But the more interesting question is what investors believe happens when today's memory boom eventually ends.
Micron shares plunged 28.7% in July, the worst monthly performance since June 2015.
The drop followed an extraordinary run, with shares surging more than 300% during the first six months of 2026.
Micron stock has jumped by 285% this year, helped by the ongoing memory chip shortage. Its earnings reports will be crucial.
Micron stock has pulled back in the past few weeks and moved into a bear market as analysts remain optimistic about the company
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Micron ($MU) stock outperforms the market, hitting new 52-week highs. Can the massive 940% rally continue ahead of Q3 earnings?
