Micron Technology Stock Is Plummeting, but Here's Why I'm Not Buying the Dip

Micron Technology stock has fallen 32% from its June high amid concerns about the sustainability of AI infrastructure spending. While the company shows strong financial results and trades at a discount valuation, rising hardware costs are forcing companies to cap AI usage and shift to cheaper models, potentially reducing demand for memory chips. The author avoids buying the dip due to uncertainty around future earnings sustainability.