🧠 Memory stocks are surging — Micron (MU) up +7.6% today. Is the semiconductor recovery finally here?

The AI trade is alive and well, and it is showing up in the most fundamental way: memory chip demand.

📊 Technical Snapshot:
‱ Price: $892.67 (+7.62%)
‱ RSI: 48.8 — neutral, room to run
‱ Trend: Consolidation after deep pullback
‱ 3-month range: $640 - $1,214 (currently 26% off highs)
‱ SMA5: $832 | SMA20: $902 | SMA50: $969

⚡ Why MU Matters Now:
Memory is the bottleneck for AI infrastructure. Every new data center needs HBM chips, and Micron is one of three companies that can make them at scale. The +7.6% move today with normal volume suggests institutional accumulation, not retail hype.

📋 Key Levels:
🟱 Support: $732 (strong base)
🔮 Resistance: $1,088 (previous structure)
📍 Current position: Mid-range, leaning bullish

The semiconductor cycle is turning. MU at $893 with RSI under 50 is a gift if you believe in the AI thesis.

đŸ€” Are memory stocks the best way to play AI, or is NVDA still king?

#Micron #Semiconductors #DYOR

⚠ Disclaimer: Not financial advice. Stock trading involves risk.