$Micron Technology(MU)$ Micron needs to see another price dip before I consider increasing my position. Ideally, I’d be interested when the stock is closer to $50, rather than its current price around $101. While I’m bullish on the long-term prospects of MU, particularly with the anticipated surge in demand for memory chips driven by AI developments, I believe the current valuation is too high for additional buying. Until the stock reaches a more attractive entry point, I consider MU shares better suited for a "Hold" position. Patience is key in waiting for a more favorable buying opportunity, as the broader market volatility may offer a better entry down the line.
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