Why Micron Stock Keeps Falling?

Micron Technology stock has fallen nearly 28% from its 52-week high due to competition concerns from Chinese memory manufacturer CXMT, worries about AI infrastructure spending, and broader market uncertainty. However, analysts remain bullish as memory demand significantly outpaces supply, with SK Hynix projecting a 20% shortage through 2030. The stock trades at attractive valuations (19.5x current earnings, 5.4x forward earnings), presenting a potential buying opportunity for long-term investors.