Micron Technology (MU) has disclosed a new risk, in the Technology category.
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Micron Technology may confront significant challenges due to the uncertainties surrounding the burgeoning field of artificial intelligence (AI). As AI becomes more embedded in their technology development and business processes, they face the risk of increased competition, legal issues, and regulatory complexities. Costly AI implementation may not yield the anticipated enhancements to their technology or business operations, and competitors with superior AI capabilities could outpace them. Moreover, potential flaws in AI algorithms or biased datasets could lead to errors, legal liabilities, and reputational damage, further threatening Micron’s market position.
The average MU stock price target is $148.52, implying 45.25% upside potential.
To learn more about Micron Technology’s risk factors, click here.