Micron Technology (MU -1.58%) seemed unstoppable in the early months of the year. However, the company’s shares have dropped more than 40% after reaching an all-time high in late June. Further, recent developments have made the future of the artificial intelligence (AI) industry a little more uncertain. Micron Technology is still up by 154% year to date, but how will the stock move over the next year? Let’s try to determine what its share price could be by the end of 2027.

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The elections may have dealt a blow to Micron’s business

It’s hard to argue with results, and Micron’s financial performance this year has been nothing short of excellent. During its fiscal year 2026, which ended Sept. 3, Micron’s…