Micron Stock Declines 22% from Peak, Citi Sees Buying Opportunity on July 6

According to Citi on July 6, Micron Technology (NAS: MU) stock declined 22% from recent highs, with the investment bank characterizing the adjustment as a buying opportunity. Analyst Arif Malik expects continued DRAM price increases to support the semiconductor maker's medium to long-term investment appeal. The stock closed at $984.75 on July 6, falling below pre-earnings levels following Micron's better-than-expected Q2 results. Despite the recent pullback, Micron shares remain up approximately 250% year-to-date, driven by surging demand for memory semiconductors tied to AI infrastructure expansion.
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