Micron Technology shares fell about 2% to approximately $1,056 in Monday’s premarket session as higher bond yields and OpenAI’s temporary pause in training its most advanced AI models pressured semiconductor sentiment. The company is scheduled to report fiscal fourth-quarter 2026 results Wednesday, with consensus estimates of $51.14 billion to $51.4 billion in revenue, $31.73 adjusted EPS and an 86.2% gross margin, compared with $11.32 billion of revenue, $3.03 of EPS and approximately 86% gross margin in the year-earlier period. JPMorgan, UBS, Wells Fargo and Stifel remain constructive, while Baird raised its price target to $1,520 from $1,280; the supplied reports conflict on Baird’s rating, identifying it as both Outperform and Underperform. Analysts cite agentic-AI demand, fully committed HBM3E and HBM4 capacity through calendar 2027, and memory supply constraints expected to persist until meaningful capacity arrives in fiscal 2028.