Micron Technology stock is down over 40% from its year-to-high peak as analysts turn bearish toward the memory market.

Micron is a Strong Buy with improved operating results and room for growth in the memory cycle upswing. See why MU stock is buy rated.

Micron’s stock slumped Monday, just as a longer-term bearish chart pattern appeared for the first time in more than two years, and as Morgan Stanley offered a downbeat outlook for the memory-chip market.

Fool.com contributor Parkev Tatevosian compares Intel (NASDAQ: INTC) and Micron (NASDAQ: MU) to determine the better semiconductor stock to buy today. *Stock prices used were the afternoon prices of Sept.

While many large-cap semiconductor stocks are outperforming the broader equities market in 2024, Micron Technology (MU) is trailing its peers by a wide margin. Valued at $96.7 billion by market cap, Micron stock is down 44% from the record highs above $157 set this past June.