Micron Technology shares closed at $989 on October 12 after a 3.9% decline, pressured by reports of Chinese rival CXMT advancing denser DRAM designs that could eventually challenge pricing power, alongside broader semiconductor weakness. This follows the company’s record fiscal Q4 results—$54.23 billion revenue and $33.42 non-GAAP EPS, both well ahead of estimates—driven by AI-fueled demand for HBM, DRAM, and NAND, plus robust fiscal 2027 guidance. Analysts maintain a strong buy consensus with average price targets near $1,500, citing supply tightness through 2028 and an expanded $35.16 billion buyback program. The stock trades well below its $1,255 52-week high but remains up sharply year-to-date, with next-quarter earnings expected in December.