Micron Is Down 17% Over the Past Month. Is This AI Stock Still a Buy?

Micron Technology's stock has declined 17% over the past month amid investor concerns about excessive AI spending by tech companies. However, the article argues Micron remains a strong buy, citing the company's exceptional Q4 results (380% revenue jump to $54.2B) and evidence that major tech companies' AI infrastructure investments are generating substantial returns. With memory demand outpacing supply and S&P Global projecting $1.3 trillion in AI infrastructure spending next year, Micron is well-positioned for continued growth despite near-term market volatility.