Micron Technology Inc. (NASDAQ:MU) experienced a rebound in premarket trading, with shares rising about 4% after a significant selloff that saw a 13.25% drop last Friday. This decline occurred despite Micron's strong growth outlook driven by artificial intelligence demand, largely influenced by investor reactions to Broadcom Inc.'s quarterly results. Analysts maintain a positive outlook for Micron, with expectations of earnings reaching $19.33 per share and revenue of $33.90 billion for the upcoming earnings report on June 24. The stock has increased 678.74% over the past year, though this makes it vulnerable to profit-taking. KKM Financial's CEO Jeff Kilburg views the recent semiconductor pullback as a buying opportunity, indicating that Micron remains on their watchlist for potential re-entry. Technical indicators suggest that Micron is in a strong long-term uptrend, with key support at the 20-day moving average near $849.82 and resistance around its June peak of $1,089.29. As Micron continues to benefit from rising AI memory demand, analysts have raised their price forecasts, reflecting confidence in the company's growth prospects.