Micron Technology Shares Fall 8% to $379.68 as 256GB Module Ships
Micron Technology’s shares plunged 7.99% to $379.68 as broader semiconductor weakness weighed on sentiment. The company shipped customer samples of its 256GB SOCAMM2 module, and analysts at UBS and Stifel raised price targets on its AI data center push.
1. Stock Decline
Micron Technology’s shares fell 7.99% to close at $379.68, trading within a range of $374.55 to $390.09. This drop occurred against a 52-week high of $455.48 and a low of $61.54, reflecting ongoing sectorwide headwinds in semiconductors.
2. 256GB SOCAMM2 Module Samples
The company has begun shipping customer samples of its new 256GB SOCAMM2 memory module designed for AI data center applications, showcasing its push into high-capacity solutions despite market weakness.
3. Analyst Price Target Raises
Analysts at UBS and Stifel increased their price targets on Micron Technology, highlighting confidence in the company’s AI-focused roadmap and the potential upside from its latest module innovation.