Micron: Everything Changes On December 9

Micron Technology, Inc. remains a compelling long-term buy despite a recent 35% share price drop, supported by robust memory demand and unprecedented pricing. MU's $35.16 billion buyback authorization, effective December 9, could retire 4.5% of shares and help stabilize the stock amid market volatility. Industry data shows DRAM and HBM volumes are effectively sold out through 2029, reinforcing strong forward visibility and pricing power for MU.