India, July 30 -- Micron Technology's stock is under close watch after a sharp selloff, with many investors wondering whether the shares can still reach the $1,300 mark in August. The recent drop came even as the artificial intelligence (AI) memory market continues to grow, leading to a fresh debate over Micron's short-term and long-term price potential. Most Wall Street analysts believe Micron is unlikely to reach $1,300 in August, with many viewing that level as part of its longer-term growth story rather than a near-term target.

Micron shares had risen about 224% earlier in 2026 and were up around 740% compared with a year earlier. The stock climbed from about $104 to more than $900 by late June.

However, the rally ended on July 28, ...