Micron shares closed November 4 at $795.23 after dropping 7% that session and roughly 19% over the prior week, pressured by Democratic midterm gains that raised investor concerns about slower AI data-center buildouts and easing memory demand. Despite these near-term headwinds, the company posted record fiscal Q4 2026 results with revenue surging 379% year-over-year to $54.23 billion and non-GAAP EPS of $33.42, supported by tight supply conditions and strategic customer agreements covering over 35% of revenue through 2030. Analyst consensus remains strongly bullish with average price targets above $1,500, though traders are closely watching upcoming economic data releases and any shifts in capital expenditure plans from hyperscalers for signals on sustained pricing power.