Why Micron Stock Bounced Back Today

Micron stock rebounded 4.3% on Monday after three days of selling, buoyed by analyst optimism. Morgan Stanley's Joseph Moore views the sell-off as a buying opportunity, citing continued memory chip shortages and expected 25% price increases in Q3. UBS analyst Timothy Arcuri projects Micron will generate up to $400 billion in free cash flow through 2028, potentially enabling 40% stock buybacks that could nearly double earnings per share.