Micron Technology shares fell about 2% to approximately $1,056 in Monday’s premarket session as rising bond yields pressured semiconductor stocks and OpenAI said it would temporarily suspend training its most advanced AI models for safety reasons. Investors are watching whether the move affects expectations for AI infrastructure spending after Micron’s stock gained about 590% over the trailing twelve months, while another assessment in the source puts the rise at more than 600% over the past year. Micron is due to report fiscal fourth-quarter results on Wednesday, with analysts forecasting revenue of $51.14 billion, up nearly 500%, and earnings per share of more than ten times the year-earlier level. FactSet data places the stock’s forward price-to-earnings ratio at 6.7 times, excluding potential buybacks that could begin as early as next month. Daniel Morgan, senior portfolio manager at Synovus Trust, expects DRAM and NAND supply constraints to persist through fiscal 2027, with meaningful capacity additions not arriving until fiscal 2028. Baird, JPMorgan, UBS, Wells Fargo and Stifel remain broadly constructive, citing strong AI-related demand, constrained memory supply and improving profitability, although Baird retains an Underperform rating and Stifel warned that supply limits could restrict gains relative to more bullish investor expectations.