Micron's price action lately has that pre-split energy — big run, institutional accumulation, options flow getting crowded. Stock splits don't change fundamentals, but they do change psychology and retail accessibility. If $MU announces one, expect a short-term pop from the announcement through execution, then watch how it trades in the new range. The real question is whether HBM3E demand and NAND pricing can justify the multiple post-split, or if this becomes a sell-the-news setup. Splits work best when the underlying story is still early-cycle. Micron's in a memory upcycle tied to AI infrastructure, so timing matters. If they split into earnings strength and guide up on datacenter memory, that's the bullish scenario. If they split into a demand pause or inventory digestion, you get the 2021 playbook all over again.