Micron Stock Survives the Brief Google TurboQuant Vacuum as Analysts Give MU a Standing Ovation

The semiconductor world felt a sudden chill this week, but for Micron MU +4.98% ▲ , the sun is starting to shine again. MU stock began to survive the brief vacuum created by Google’s announcement of TurboQuant as it staged a steady bounce back. After closing yesterday’s session up nearly 5% at $337.84, the stock is continuing its climb in today’s pre-market.

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Wall Street Experts Refuel the Recovery

The main reason the Micron stock is bouncing back is an influx of support from major Wall Street experts who are giving the company a standing ovation. While Citi’s Atif Malik slightly lowered its price target to $425 yesterday morning, he kept a Buy rating, signaling that the recent selloff went too far.

Experts believe the recent fear was a mistake. While some worried that new tech would mean less need for memory, history shows that better tech usually leads to more demand. Keeping their targets high allows firms like Barclays BCS +4.70% ▲ and Wells Fargo WFC +3.66% ▲ to suggest that the AI supercycle is still going strong.

What Happened with Google’s TurboQuant?

Micron recently struggled with a brutal selloff that erased 30% of its value. This was triggered by Google’s GOOGL +5.14% ▲ announcement of TurboQuant on March 24. This new AI memory-saving tool made investors worry that future AI programs would not need as much hardware, creating a brief TurboQuant vacuum that sucked the value out of memory stocks. For a company that just reported record $23.86 billion in quarterly revenue, this news acted like a sudden leak in a high-pressure pipe.

However, the fear trade appears to be fading. Investors are realizing that even if AI becomes more efficient, the global move toward AI is so massive that Micron’s HBM3E and HBM4 supply is still sold out through 2026. The memory shortage is a permanent change in how the world builds computers.

Micron’s Massive Numbers Protect the Price

Despite the recent noise, Micron’s internal numbers are better than ever. The company recently posted an adjusted EPS of $12.20, which is triple what it was just two years ago. With profit margins expected to hit a record 81% in the next quarter, the financial base of the company is very strong.

Some critics worry about the $30 billion the company is spending this year, but others see it as a necessary cost to stay ahead of rivals. As long as the AI industry has an insatiable appetite for data, Micron’s spot at the center of the hardware boom remains safe.

Is Micron Stock a Buy, Sell, or Hold?

With 26 Buys and two Holds, Wall Street has a Strong Buy consensus rating on Micron Technology stock. The average MU stock price target of $533.40 indicates about 57.9% upside potential from current levels.

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