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Micron’s $24B Singapore Bet Faces Market Skepticism Despite Bullish HBM4 Outlook

Micron’s $24B Singapore Bet Faces Market Skepticism Despite Bullish HBM4 Outlook

Author:

Global Cryptocurrency

Published:

2026-02-02 12:35:02

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BTCCSquare news:

Micron Technology's stock slid 1% Monday, extending Friday's 5% drop, as investors shrugged off Phillip Securities' bullish initiation. Analyst Yik Ban Chong set a $500 price target (21% upside), banking on HBM4 memory chips to challenge SK Hynix's dominance post-Q2. The disconnect highlights lingering concerns over capital discipline.

Meanwhile, Micron's $24 billion Singapore expansion—a decade-long bet on AI-driven memory demand—drew Mizuho's target hike to $480. The MOVE signals confidence in high-bandwidth memory for data centers, though near-term execution risks weigh on sentiment.

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