In addition, Micron shares are down from their 52-week high of $1,255 reached in June. This is rooted in market concerns that the memory supercycle has peaked, resulting in a stock sell-off. Anticipating this, Wall Street investors are selling Micron shares now before an inevitable industry decline strikes. Despite these concerns, the nature of the current memory supercycle injects a key difference into the picture. Consequently, the AI-fueled memory supercycle may not have peaked yet.