Should You Buy Micron Technology Stock While It's Below $1,000? The Answer Might Surprise You.

Micron Technology stock has plummeted 30% from its $1,213 peak to $848 after a 2,070% gain since early 2023, driven by AI boom demand for high-bandwidth memory chips. While the company shows record revenue ($41.4B) and earnings growth fueled by memory shortages, concerns loom over future demand as businesses curb AI spending and memory supply catches up. The author recommends caution despite attractive valuation metrics, citing near-term volatility risks.