Overview

• Micron fell 3.6% Friday after dropping as much as 5.6% intraday despite broader market gains and no clear company-specific news.
• The stock remains up about 32% over the past month following enthusiasm for AI data-center spending and memory demand.
• Mizuho lifted its price target to $182 on Sept. 16 with an Outperform rating ahead of Micron’s Sept. 23 earnings report.
• Mizuho estimates Nvidia’s GB300 represented roughly 25% of July shipments and could top 50% in October, which they say may bolster Micron’s November-quarter outlook.
• Jim Cramer advised a wait-and-see approach, citing CEO Sanjay Mehrotra’s prudent tone and the stock’s large year-to-date gains.