US$823 worth of MU—do you dare to jump in?
First, at a glance: big swings, and retail investors getting harvested back and forth.
On Thursday, MU surged 18% to 874. On Friday, it opened and shot up to 930, then immediately turned—ending down 5.9% to close at 823. After hours, it fell another 1.28% to 812. In just three days, the range exceeded US$140—bulls and bears both got a double kill.
From July 1’s 1032 to July 31’s 823, it dropped 20% in a month. But from the 52-week low of 103, it’s still up 617%. Extremely volatile, yet the fundamentals haven’t changed—if anything, they’re even stronger.
First thing: what are you afraid of? The Fed? Or your own inner demon?
The reason for Friday’s plunge—three Fed officials opposed keeping rates unchanged and supported a rate hike. The market worries that higher rates will curb corporate spending and hit Micron’s demand.
Sounds reasonable? But look closer—
Apple CEO Tim Cook just said in the earnings call: “We expect that through the September quarter, storage costs will continue to rise further.”
Amazon recently raised its capex from $200 billion to $220 billion, and one of the reasons is higher storage-chip costs.
AI giants are telling you with real money: demand can’t be stopped.
Second thing: the Q3 earnings are exploding to the point you don’t believe it—but you also don’t want to look.
Micron FY2026 Q3 (through May) revenue was $41.46 billion, up 346% year over year; EPS was $25.11, up 12x. Gross margin jumped to 84.9%, a historical high.
One quarter earned more than last year’s full year
Gross margin 84.9%—higher than Nvidia
Q4 guidance: revenue $49–51 billion, EPS $30–32, continuing to explode
Third thing: 45 analysts—31 strongly recommend, with a target price of 1507.
According to S&P Global’s 45 analysts, the consensus rating is “Strong Buy,” with an average target price of $1507—83% higher than the current 823.
KeyBanc raised its target from 1600 to 1750. Barclays and D.A. Davidson set 2000.
Key levels
Resistance above: 850–900 → 1000 → 1255
Support below: 800 → 780 → 750
For short-term traders:
Wait and see around 820. If you can hold the 815–800 support zone, you can lightly go long, target 850–880, and stop loss below 780. If it breaks below 800 with volume, then it’s bearish—watch 750.
For swing players:
Build longs in batches in the 780–820 range. Fundamentals are too strong; the AI storage shortage logic hasn’t broken. Pullbacks are an opportunity. Target 1000+, stop loss—if it breaks below 750.
For long-term believers:
Build positions in batches with your eyes closed below 800. Certainty of AI memory demand is high, and tight storage supply is expected to continue beyond 2027.
80% off fee invite code: 9FATE
Link: https://www.binance.com/zh-CN/activity/referral/bind-ref
First, at a glance: big swings, and retail investors getting harvested back and forth.
On Thursday, MU surged 18% to 874. On Friday, it opened and shot up to 930, then immediately turned—ending down 5.9% to close at 823. After hours, it fell another 1.28% to 812. In just three days, the range exceeded US$140—bulls and bears both got a double kill.
From July 1’s 1032 to July 31’s 823, it dropped 20% in a month. But from the 52-week low of 103, it’s still up 617%. Extremely volatile, yet the fundamentals haven’t changed—if anything, they’re even stronger.
First thing: what are you afraid of? The Fed? Or your own inner demon?
The reason for Friday’s plunge—three Fed officials opposed keeping rates unchanged and supported a rate hike. The market worries that higher rates will curb corporate spending and hit Micron’s demand.
Sounds reasonable? But look closer—
Apple CEO Tim Cook just said in the earnings call: “We expect that through the September quarter, storage costs will continue to rise further.”
Amazon recently raised its capex from $200 billion to $220 billion, and one of the reasons is higher storage-chip costs.
AI giants are telling you with real money: demand can’t be stopped.
Second thing: the Q3 earnings are exploding to the point you don’t believe it—but you also don’t want to look.
Micron FY2026 Q3 (through May) revenue was $41.46 billion, up 346% year over year; EPS was $25.11, up 12x. Gross margin jumped to 84.9%, a historical high.
One quarter earned more than last year’s full year
Gross margin 84.9%—higher than Nvidia
Q4 guidance: revenue $49–51 billion, EPS $30–32, continuing to explode
Third thing: 45 analysts—31 strongly recommend, with a target price of 1507.
According to S&P Global’s 45 analysts, the consensus rating is “Strong Buy,” with an average target price of $1507—83% higher than the current 823.
KeyBanc raised its target from 1600 to 1750. Barclays and D.A. Davidson set 2000.
Key levels
Resistance above: 850–900 → 1000 → 1255
Support below: 800 → 780 → 750
For short-term traders:
Wait and see around 820. If you can hold the 815–800 support zone, you can lightly go long, target 850–880, and stop loss below 780. If it breaks below 800 with volume, then it’s bearish—watch 750.
For swing players:
Build longs in batches in the 780–820 range. Fundamentals are too strong; the AI storage shortage logic hasn’t broken. Pullbacks are an opportunity. Target 1000+, stop loss—if it breaks below 750.
For long-term believers:
Build positions in batches with your eyes closed below 800. Certainty of AI memory demand is high, and tight storage supply is expected to continue beyond 2027.
80% off fee invite code: 9FATE
Link: https://www.binance.com/zh-CN/activity/referral/bind-ref