What Is Going on With Micron Stock on Friday?
Micron Technology Inc. (NASDAQ:MU) stock edged little higher in Friday premarket trading as investors reassessed AI-hardware exposure following NVIDIA Corp.’s (NASDAQ:NVDA) leadership transition, while S&P 500 futures rose 0.2%. Micron has gained 16% over the past five days, while Nvidia has fallen 11% over the same period. Nvidia Transition Pressures AI Chip Complex NVIDIA said Jensen Huang…
Micron Technology stock showed minimal gains in Friday's premarket trading as investors evaluated the impact of NVIDIA's leadership change on AI hardware exposure. The shares have climbed 16% over the past five days, while NVIDIA has declined 11% during the same period. On Thursday, the Nvidia transition pressured AI-linked semiconductor names, with index ETFs falling around 4%-5%.
Analyst Bill Baruch from Blue Line Capital recommended Micron as his final trade, citing its valuation and anticipated buybacks. Technically, Micron is in an intermediate pullback but remains above its longer-term moving averages. The company's next earnings report is scheduled for December 16, 2026, with estimates of $35.07 EPS and $56.55 billion in revenue, up from previous figures.
Micron's average price target among 50 analysts stands at $1,622.38. The stock is widely held in several major ETFs, including the Invesco S&P 500 Momentum ETF, State Street SPDR NYSE Technology ETF, and Pacer Data and Digital Revolution ETF.
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