Pomerantz LLP has announced an investigation into Micron Technology, Inc. on behalf of its investors following allegations of securities fraud or other unlawful business practices by the company's officers or directors. The announcement comes after Micron's disappointing fiscal Q1 2025 results and reduced guidance for Q2, which led to a 16.2% drop in its stock price on December 19, 2024.

The firm's investigation focuses on claims that weak consumer market demand for Micron's chips, including those used in personal computers and smartphones, has negatively impacted the company despite its AI memory chip revenues. Analysts have also lowered their price targets for Micron due to the ongoing market challenges.

Pomerantz LLP, a prominent firm specializing in securities class actions, invites affected investors to join the class action for potential recovery. Source: PR Newswire, December 28, 2024.