Why did Micron Technology stock fall in premarket trading?

Micron Technology stock fell in premarket trading due to concerns about AI-related spending and user growth, along with reports of OpenAI missing its targets.

What is the long-term outlook for Micron's demand?

Analysts remain bullish on Micron's long-term demand, citing the early stages of the AI cycle and the strong need for memory components.

When is Micron's next estimated earnings report and what are the projections?

Micron's next estimated earnings report is on June 24, 2026, with projections showing significant year-over-year growth in EPS and revenue.

Home / Business and Economy / Micron Dips as AI Spending Fears Emerge

Micron Dips as AI Spending Fears Emerge

28 Apr

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Summary

Micron shares fell amid concerns about AI-related spending.
OpenAI reportedly misses revenue and user growth targets.
Analysts maintain a positive outlook on Micron's long-term demand.

Micron Technology Inc. saw its stock price decrease in premarket trading as investor confidence in AI growth stocks waned. This pullback is largely attributed to apprehension surrounding AI-related expenditures and user growth figures.

Recent reports indicate that OpenAI is not meeting its internal projections for revenue and new users. The organization is reportedly focusing on cost containment amidst significant subscriber churn and closer examination of data-center agreements. OpenAI had previously forecasted substantial advertising revenue for both this year and the distant future, alongside significant projected spending on computing power.