Micron's stock falls further, but this analyst says bears are missing the point

Shares of Micron Technology and Sandisk extended declines as investors grew concerned the memory cycle may be peaking, pressuring DRAM/NAND demand outlook and valuations. This is a sector-specific downside risk that could drive further near-term weakness in memory names and warrants reviewing exposure to inventory-sensitive suppliers.

Analysis

Shares of Micron Technology and Sandisk extended declines as investors grew concerned the memory cycle may be peaking, pressuring DRAM/NAND demand outlook and valuations. This is a sector-specific downside risk that could drive further near-term weakness in memory names and warrants reviewing exposure to inventory-sensitive suppliers.