$Micron Technology(MU)$ Earnings Alert 9/25/2024 Bearish (2.3) The recent dev. surrounding Micron Technology have raised considerable concern among investors, particularly in light of multiple analyst downgrades and bearish sentiments reflected across various reports. The stock has experienced significant volatility, with a notable 43% decline from its peak earlier this year, leading to a consensus that many institutional investors are uncertain about the company’s prospects. Despite some analysts highlighting potential value in the stock, the prevailing sentiment is cautious, especially as insiders have sold off substantial amounts of stock and expectations for the upcoming earnings report are low. The semi sector is facing headwinds attributed to an oversupply of memory chips and waning demand from key markets like PC and smartphones, which has further dampened investor confidence. This combination of market dynamics and neg. analyst sentiment paints a challenging picture for Micron in the near term.