Micron Technology's stock fell 7.3% to approximately $724 on May 15, following reports that no AI chip deals were finalized during the Trump-Xi summit in Beijing. This sector-wide selloff affected other tech giants like AMD, Intel, and Qualcomm, as Chinese companies such as Alibaba and ByteDance reportedly failed to secure government approval to purchase Nvidia H200 chips. President Trump indicated that Chinese buyers opted to develop their own chips, adding to market concerns. Despite Micron's recent surge to an intraday high of $818.67, analysts have mixed views on its future. Short- to mid-term bear targets range from $249 to $435, while a five-year bull case sees potential highs of $1,054. The company's strong fundamentals, including a 56.6% year-over-year revenue increase in fiscal Q1 FY2026, are tempered by its cyclical nature and mixed valuation signals. For crypto and tech investors, Micron's performance is crucial as memory demand from AI and datacenter customers impacts GPU and HBM supply chains essential for AI workloads and blockchain services. Investors should monitor technical support levels and policy shifts in China, as these factors could influence hardware availability and pricing.