Is it a bubble or a healthy sell off? Micron has fallen 17.5% after announcing the 2026Q2 earnings. But it rebounded and was boosted by the listing of Sk Hynix in Nasdap. Micron stock has risen more than 9 times in the past 1 year. To me the valuation is stretched but not to some the analysts. They expect the memory shortage to continue until 2027! AI has created an explosive demand on high memory bandwidth (HBM) so much so that some player like Samsung have shifted from focusing on DDR5 ram to HBM. This has resulted in price increase of technology products due to DDR5 supply constraint. The only way to overcome this is by the memory players building more factories to increase output but this itself will take years. This is why Bank of America predicted that Micron stock still has room to rise, up till US$1550!$Micron Tech(MU.US)