This Comment From Apple CEO Tim Cook Supports Buying the Dip in Micron Stock

Tim Cook recently said that Apple is paying more for memory chips, and that this trend is expected to continue.

Micron is one of three major suppliers of DRAM and high-bandwidth memory.

Rising chip prices are a function of expanding AI workloads from the hyperscalers.

Micron Technology (NASDAQ: MU) designs and manufactures high-performance memory and storage solutions, with a particular focus on DRAM, NAND, and high bandwidth memory (HBM) that power everything from smartphones to the data centers driving artificial intelligence (AI) workloads.

Throughout 2026, Micron stock has soared on the back of unprecedented demand for memory chips as hyperscalers race to secure scarce supply. During the first half of the year, shares of Micron tripled before hitting an all-time high in late June. Then stock fell 26% from its peak and spent the last month recovering some of the lost ground.

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Investors are now asking whether this pullback marks the end of Micron's rally or a rare chance to buy the dip .

Micron's decline has little to do with any sudden weakness in the AI memory market. Demand remains robust, with industry shortages expected to persist into 2027 and Micron's own capacity sold out under multiyear supply agreements . Instead, the sell-off largely reflects profit-taking after an extraordinary run, combined with anxiety about the memory industry's historically cyclical nature.