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Micron Stock Falls 13.25% to $864.01 as Analysts Warn Memory Chip Prices May Peak Mid-2026

GateNews
Stocks
According to Barron's citing Raymond James analyst Kal Ackerman, Micron Technology's stock fell 13.25% to $864.01 on June 5 as market concerns grow over a potential slowdown in memory chip price gains. Ackerman warned in a research report that average selling prices for both DRAM and NAND flash memory chips are expected to peak mid-2026, with potential quarterly declines beginning as early as next year. He attributed the pressure to both supply-side factors, including rising competition from Chinese manufacturers, and demand-side weakness as AI server purchases cannibalize orders from other markets. The outlook has prompted nine U.S. trade associations to jointly urge Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to address memory chip shortages, warning that AI's rapid expansion must not harm other industries.
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