Micron Technology shares fell sharply by 9.55% to close at $379.40 amid a broader technology sector sell-off, despite strong fundamental news regarding its high-bandwidth memory (HBM) supply.
- The decline occurred even though reports confirmed that Micron’s entire 2026 supply of high-bandwidth memory (HBM) chips is already sold out.
- Analyst sentiment remains bullish, with Mizuho recently raising its price target to $480.