Updated 13 November 2026, 07:00 GMT, before the US open. Micron (MU) closed Thursday at $798.44, down $12.86 or 1.59 percent, after Nvidia announced that Jensen Huang had resigned as chief executive (StockAnalysis, MarketBeat). The stock had been down almost 5 percent in the morning. Verdict: Micron gave back only a small part of Wednesday’s 11.9 percent jump, its best day since July. Reference levels: $877 above, $725 below.
Key facts
- Thursday close: $798.44, down 1.59 percent from Wednesday’s $811.30 (StockAnalysis, MarketBeat). Investing.com’s table shows a lower $765.18; we use the figure the other providers agree on.
- Intraday: down about 4.8 percent in mid-morning (The Motley Fool) and 3.24 percent at $785 earlier in the session (GuruFocus via Yahoo Finance).
- Wednesday: up 11.89 percent to $811.30, the biggest one-day gain since 30 July, as CoreWeave’s results lifted chip stocks (24/7 Wall St.).
- The past week: $656.39 on 5 November after a 17.46 percent fall, $725.11 on 10 November, $811.30 on 11 November (24/7 Wall St.).
- Company guide: fiscal Q1 2027 revenue of $61.5 billion, plus or minus $1.5 billion, and non-GAAP EPS of $38.15, plus or minus $1.00 (Micron, 30 September).
- Analysts: average target about $1,562 (24/7 Wall St., 3 November); Goldman Sachs Neutral with a $1,250 target (TipRanks, 10 November).
- 52-week range: $192.59 to $1,255.00.
Why Micron fell on Thursday, and why not further
Nvidia said on 12 November that Huang had resigned as president, chief executive and director, effective immediately, and named finance chief Colette Kress interim CEO while the board searches for a successor. Nvidia shares fell sharply in early trading. Our Nvidia report has the details.
Micron makes the high-bandwidth memory that sits next to Nvidia’s AI processors, so the reaction was immediate. The Motley Fool had the stock down about 4.8 percent by mid-morning, and 24/7 Wall St. reported Sandisk, Micron and SK Hynix all sliding around 3 percent early on. By the close the loss had narrowed to 1.59 percent. Sandisk fell harder, 4.11 percent; our Sandisk page covers that move.
The recovery matters because Wednesday’s rally had no Micron-specific news behind it. 24/7 Wall St. noted that 32 of the 34 other chip companies worth $2 billion or more also rose that day, after CoreWeave said its capacity was largely sold out through 2027. Holding above $790 a day later suggests buyers still see the memory story as separate from Nvidia’s boardroom.
Where Micron sits after a volatile two weeks
Micron was near $877 on 2 November (24/7 Wall St.) and fell to $656.39 by 5 November in the AI and chip sell-off. It has since recovered about 22 percent from that close. It is still roughly 36 percent below its 52-week high of $1,255. Our Wednesday page covered the start of the rebound and Micron’s part in the $26 billion Anthropic private placement. Our longer Micron price prediction sets out the 12-month case.
The next two weeks carry two AI events. Nvidia reports on 17 November, its first set of results under interim leadership. Anthropic’s IPO is reported for pricing on 18 November and trading on 19 November; Micron is among the companies buying shares at the IPO price, as our Anthropic IPO page explains.
Micron stock: bull, base and bear
| Scenario | MU | What has to happen | Anchor |
|---|---|---|---|
| Bear | $725 | The Nvidia leadership story turns into doubt about AI spending and Wednesday’s rally fully reverses. | The 10 November close of $725.11; about 9.2 percent below $798.44. |
| Base | $780-$830 | Micron holds between Thursday’s intraday low area and Wednesday’s close ahead of Nvidia’s results. | Thursday’s $785 early print and Wednesday’s $811.30 close. |
| Bull | $877 | Nvidia’s results on 17 November confirm AI orders and memory names extend the rebound. | The level near $877 on 2 November, before the sell-off; about 9.8 percent above $798.44. |
The bear case sits below the current price. These are reference levels measured from Thursday’s close, not forecasts. Analysts’ 12-month targets, from Goldman’s $1,250 to the $1,562 average, all sit above every level in this table.
What to watch
- Today, 13:30 GMT: the US October producer price index, an hour before the open. Hot inflation has pushed up December rate-hike pricing this week.
- $785: Thursday’s early low area, the first level below.
- $811.30: Wednesday’s close, the first level above.
- 17 November: Nvidia’s results.
- 18-19 November: Anthropic’s reported pricing and first trading day.
Quick take: Micron closed at $798.44 on Thursday, down 1.59 percent after Nvidia’s CEO resigned, having been down almost 5 percent in the morning. It keeps most of Wednesday’s 11.9 percent jump. Nvidia’s 17 November results are the next test. $725 is the downside reference, $877 the upside.
FAQ
What is Micron’s stock price today?
MU closed at $798.44 on Thursday 12 November, down 1.59 percent, according to StockAnalysis and MarketBeat.
Why did Micron stock drop on Thursday?
Nvidia announced that Jensen Huang had resigned as CEO. Micron supplies the high-bandwidth memory used in Nvidia’s AI processors, so investors cut exposure to the stock.
Why did Micron jump on Wednesday?
CoreWeave’s third-quarter results eased worries about AI demand, and chip stocks rallied broadly. Micron rose 11.89 percent, its biggest gain since 30 July (24/7 Wall St.).
What is Micron’s price target?
The average analyst target was about $1,562 in early November (24/7 Wall St.). Goldman Sachs has a Neutral rating and a $1,250 target (TipRanks).
When is Nvidia’s earnings report?
Nvidia’s results are scheduled for 17 November. They are the next major reading on AI hardware demand.
How far is Micron below its high?
About 36 percent below its 52-week high of $1,255.00.
Sources: StockAnalysis and MarketBeat, 12 November 2026 (close and change); Investing.com historical data (alternative close); The Motley Fool and GuruFocus via Yahoo Finance, 12 November 2026 (intraday moves); 24/7 Wall St., 3 and 12 November 2026 (Wednesday rally, sector data, November closes, average target); TipRanks, 10 November 2026 (Goldman Sachs); Micron, 30 September 2026 (guidance); Nvidia release, 12 November 2026 (leadership change); CNBC (Anthropic IPO terms).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.