Micron Stock Has Gained Roughly 190% in 2026. History Says Its Next 30%+ Drawdown Could Come at Any Time.
The memory chipmaker will remain a wildly volatile stock.
Overview
Micron's (NASDAQ: MU) stock has rallied nearly 190% this year. The artificial intelligence (AI) market's rapid expansion, which drove more data centers to upgrade their infrastructure to handle the latest AI applications, fueled those massive gains.
However, Micron's historical stock performance suggests investors shouldn't be surprised if it pulls back by more than 30% later this year. Let's see why it could be headed for a steep drawdown -- and if that decline would be a red flag or a buying opportunity.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.