Micron Technology shares slipped approximately 0.3% Wednesday to around $1,093 after closing at $1,096.16 in the previous session, following four straight gains that included a 5% advance Tuesday. Citi raised its price objective to $1,300 from $1,150, implying approximately 19% upside from Tuesday’s close. The bank expects stronger-than-projected memory chip pricing and persistent artificial intelligence demand to improve Micron’s results, while capacity constraints could keep DRAM and NAND markets tight through 2027. Citi forecasts fiscal fourth-quarter revenue of approximately $51 billion and earnings of $31.45 per share, above current consensus, ahead of Micron’s September 30 earnings release. The firm also expects SEMICON West, scheduled for October 13-15 in San Francisco, to highlight supply-chain bottlenecks that could limit capacity growth. Its forecasts call for DRAM prices to rise 20% sequentially, followed by 13%, while NAND prices increase 34% and then 15%. Citi sees AI-related enterprise solid-state drive demand offsetting weaker consumer NAND activity and forecasts peak memory pricing around the second quarter of 2027. Micron’s stock has reached a 52-week high of $1,255, while Tuesday’s gain lifted its market capitalization above $1.2 trillion, leaving the shares exposed to disappointments involving pricing, AI spending, capacity additions or elevated expectations.