Micron stock drop draws buy-the-dip calls as analysts see overreaction to CXMT

Micron shares fell 2.1% premarket to $911.44. Analysts at Fundstrat and KeyBanc call the drop an overreaction, citing CXMT's limited threat to HBM and strong DRAM pricing outlook. KeyBanc sees $1,750 target and notes Google may extend supply deals to 2035.