Micron Technology (MU) Stock Today: New York Fab Delay, RBC Conference and Morgan Stanley’s $325 Call
Micron shares fell 13% in two days to $228.50 after hitting a record $260.58 Monday, despite year-to-date gains near 187%. The company delayed its $100 billion New York megafab by 2–3 years, now targeting first production in 2029–2030. Morgan Stanley raised its price target to $325, citing strong AI-driven demand. Major investors trimmed holdings, but institutional ownership remains above 80%.