$400 targets collide with a $100 billion New York megafab plan
New York, Jan 7, 2026, 14:36 EST — Regular session
- Micron shares slipped about 1% in afternoon trade after touching $346.24 earlier in the session.
- Micron said it will break ground on a $100 billion New York “megafab” on Jan. 16.
- UBS and Piper Sandler lifted price targets to $400 as investors weigh tight memory supply against a hot run in chip stocks.
Micron Technology shares eased on Wednesday after a sharp early-year run, with the stock down about 1% at $339.90 and swinging between $335.10 and $346.24.
The pullback comes a day after memory and storage names ripped higher on fresh AI optimism out of CES, sending Micron and peers such as SanDisk, Western Digital and Seagate to record highs.
