Micron Stocks Fall 3.24% as NVIDIA Exit Tests Memory Rally After 11.9% Jump Khac Phu Nguyen Thu, November 12, 2026 at 1:04 PM EST 1 min read MU -2.36% NVDA -4.79% CRWV -7.17% ANTH.PVT SKHY -3.80% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Micron Technology Inc (NASDAQ:MU) shares fell 3.24% to $785 at 9:35 a.m. ET in early regular-session trading on November 12 as NVIDIA's CEO resignation knocked memory names off their rebound, after Micron and SK hynix each traded about 4% lower before the open, Yahoo Finance's live coverage showed. The pullback follows Micron's 11.89% surge on Wednesday.
Warning! GuruFocus has detected 4 Warning Signs with MU.
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That Wednesday move lifted the shares to $811.30, the best day since July 30, and briefly pushed Micron's market value to $917.92 billion, above JPMorgan's, according to 24/7 Wall St. The spark was CoreWeave's report, where its CEO said capacity was largely sold out through 2027. Micron's own guidance, issued September 30, calls for fiscal first-quarter 2027 revenue of $61.5 billion, plus or minus $1.5 billion, a non-GAAP gross margin near 86.25% and non-GAAP EPS of $38.15. Anthropic's amended S-1 also lists Micron for about $1 billion of placement shares.
At $785, the shares sit about 35% below the June 25 record close of $1,213.56, despite guidance that implies near-record margins. GuruFocus gives Micron a GF Score of 96/100, with 9/10 marks for financial strength, profitability and GF Value Rank. The GF Value of $838.30 implies a 6.4% discount, a "Fairly Valued" reading, and the shares trade at about 10.6 times earnings. That low multiple prices in a memory-cycle peak. The next test is the fiscal first-quarter report, which 24/7 Wall St. expects around December 16 but which Micron has not confirmed.
