Zhixun Finance APP noticed that Micron Technology (MU.US) was added as a new short sell stock recommendation by investment research firm Hedgeye on Monday.

Analyst Felix Wang of Hedgeye stated: "We believe Micron may not offer much surprises in FY 2025 (expected 52% growth), especially facing seasonal challenges in the second quarter of FY 2025 (ending February 2025). The management is trying to lower the expectations for the performance guidance in the second quarter of FY 2025."

Looking ahead to 2025, Hedgeye sees an actual problem of oversupply in high bandwidth memory.

Wang pointed out: "DRAM capacity may hit a new high next year. The challenge of Samsung's HBM3e being solved and verified may just be a matter of time. Samsung faces many issues and needs to catch up desperately. This will exacerbate next year's supply concerns."

There is also no sign of recovery in NAND flash memory in 2025.

"Although Micron Technology's tone/guidance in non-AI areas (e.g. mobile/PC) has improved, we are skeptical about its recovery in 2025," added Wang. "Given the soft demand in certain consumer end markets, inventory issues still persist."

Micron Technology's stock price has been extremely volatile this year. On June 18, the company's stock price hit a historical high of $153, but by early August, it had dropped more than 40% to $86.