Following $Micron Technology (MU.US)$ recent pullback, the stock fell to around $90.50 last week amid growing concerns about a potential slowdown in AI development and its impact on semiconductor demand.
I believe the recent decline was driven largely by market sentiment and concerns over AI spending, rather than a clear deterioration in Micron’s underlying HBM demand. With the sell-off, I decided to take the opportunity to buy into the stock.
According to Moomoo AI’s analysis, current HBM demand has not shown signs of a significant decline yet. Moomoo AI also highlighted that companies such as OpenAI and Anthropic have not announced reductions in their capital plans or model-training budgets.
Therefore, I see the recent weakness in MU…
