Micron Is Down 17% Over the Past Month. Is This AI Stock Still a Buy?

Micron Technology shares are down about 17% over the past month as investors worry AI spending could be slowing and rising costs could hinder growth. The article points to broader sentiment shifts tied to higher interest rates, concerns about overspending on AI, public scrutiny of data centers, and fears around AI regulation. It also notes worries that China’s CXMT could gain share, after indicating it may soon sell server memory processors. Still, Micron’s latest reported momentum counters the fear: for its fiscal fourth quarter ended Sept. 30, revenue jumped 380% to $54.2 billion, and non-GAAP earnings rose more than 10x to $33.42 per share.