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INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Micron Technology

1. Faruqi & Faruqi investigating potential securities claims against Micron. 2. Allegations include false statements about NAND product demand deterioration. 3. Micron's stock dropped 16.2% after disappointing first quarter guidance. 4. Analysts lowered price targets citing weak consumer chip demand. 5. March 10, 2025 is lead plaintiff deadline for class action.

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FAQ

Why Bearish?

The significant stock price drop following poor guidance indicates investor concern, similar to past declines during negative earnings announcements.

How important is it?

The potential legal repercussions and negative implications on stock performance make this article highly relevant to Micron.

Why Short Term?

Immediate market reactions have been negative, likely to influence short-term trading sentiment.

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Micron To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Micron between September 23, 2023 and December 18, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Micron Technology, Inc. ("Micron" or the "Company") (NASDAQ: MU) and reminds investors of the March 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) demand for Micron's products in consumer markets, especially the Company's NAND products, had significantly deteriorated; (2) accordingly, Defendants had overstated the extent to which demand for Micron's products had recovered, particularly in consumer markets and for its NAND products, and/or had overstated the sustainability of demand for such products, as well as the normalization of inventory for such products; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times. On December 18, 2024, Micron announced financial results for its first quarter of fiscal year ("FY") 2025 and issued disappointing guidance for its second quarter of FY 2025. In response to the announcement, securities analysts commented on the reduced guidance and lowered their price targets for Micron stock given the weakness in the Company's consumer chips business. For example, UBS wrote that "[g]uidance was below even the most bearish bogeys we heard into the report, with the company citing ongoing malaise in consumer markets." Similarly, a Bank of America analyst indicated Micron's revenue from sales of its AI memory chips cannot offset the "downward pressure" caused by weak demand for those used in personal computers and smartphones. On this news, Micron's stock price fell $16.81 per share, or 16.2%, to close at $87.09 per share on December 19, 2024. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Micron's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Micron Technology class action, go to www.faruqilaw.com/MU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. SOURCE Faruqi & Faruqi, LLP

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