Micron stock drops as relief rally fades; UBS sees 30% upside

Micron (MU) stock fell 2.5% pre-market as the relief rally faded. UBS remains bullish, reiterating a 'Buy' rating and raising its price target to $535. The firm cites strong DRAM and NAND pricing, arguing a durable memory super cycle defies traditional norms, even as retail sentiment stays bearish.