Core Insights - Micron Technology, Inc. is being closely monitored by analysts as a significant player in the AI stock market, with Mizuho raising its price target from $155.00 to $182.00 while maintaining an Outperform rating ahead of the earnings report on September 23 [1] - There is an anticipated increase in demand for High Bandwidth Memory (HBM) leading up to Micron's fiscal fourth-quarter results, with expectations of higher sales of HBM3e driven by Nvidia's new GB300 chips [2] - Analysts estimate that approximately 25% of Nvidia's shipments in the July quarter were from the GB300 series, with projections indicating that this mix could exceed 50% in the October quarter, potentially benefiting Micron's guidance for the November quarter [3] Company Overview - Micron Technology develops and sells memory and storage products for various applications, including data centers and mobile devices, across multiple industries globally [3]

Nvidia (NVDA 3.56%) is down roughly 30% below its previous high. This isn't a new experience for the stock. Since its initial public offering (IPO) in 1999, Nvidia's share price has plunged by that amount or more from its previous peak eight other times. Importantly, Nvidia eventually rebounded strongly every time in the past after a steep sell-off. With that in mind, it's probably not surprising that Wall Street is screaming to buy Nvidia stock hand over fist right now. But should you listen?A loud chorus ...