Micron Technology shares plunged more than 17 percent on November 5 to close near $656 amid a broad AI-related tech selloff, with traders citing concerns over potential delays in data-center spending following U.S. midterm results, a paused $4.5 billion Taiwan memory plant due to labor issues, and a board retirement announcement. The drop followed record fiscal Q4 2026 results showing $54.23 billion in revenue and strong AI-driven DRAM and NAND pricing, plus company guidance for $61.5 billion in Q1 2027 revenue. Analysts maintain a strong-buy consensus with average price targets above $1,500, reflecting expectations for continued memory demand growth despite near-term volatility and elevated trading volumes. Next earnings are slated for mid-December.