Micron Shares Slip as New Target Hikes Collide With Market Jitters and Tight DRAM Supply
Tight memory conditions tied to AI workloads are sustaining bullish calls despite sharp price swings.
Overview
- Micron fell as much as 7.1% intraday on March 3 during a broader tech selloff, with market watchers also pointing to geopolitical concerns weighing on sentiment.
- Micron said it has begun shipping customer samples of a new LPDRAM module geared for AI data centers.
- Morgan Stanley recently raised its Micron price target to $450 from $350, citing persistent DRAM shortages and accelerating price gains.
- DDR5 spot pricing is up about 30% year to date and roughly 130% above January contract levels, with contract prices reported 86% higher than in December.
- Analyst views remain split, with some forecasting a roughly 4% 12‑month decline even after a 300%‑plus one‑year rally driven by record results tied to AI demand.