Micron’s move toward the $945 level was not driven by any sudden new company announcement. The main catalyst was a broad rebound across AI and semiconductor stocks. Ahead of Alphabet’s earnings, the market began rebuilding expectations for stronger cloud capital expenditure. MU rose as much as approximately 6% intraday, moving higher alongside SanDisk, Marvell, and AMD. The earlier consecutive pullback was mainly driven by concerns over whether memory prices could remain elevated, as well as SK hynix’s comment that current high prices would eventually need to “normalise.” Today’s move appears more like a combination of an oversold rebound, capital flowing back into the sector, and short covering. Intraday US market data showed MU reaching a high of approximately $944.34, with the latest pr

$MU 20260702 1070.0 CALL$  I am setting a Sell Call, the major support and resistance battle start at this range . The stock fell sharply on July 1 during a broader semiconductor sell-off and profit-taking after its exceptional rally. The main risk is valuation: if new capacity arrives faster, AI spending slows, or customers adopt cheaper memory alternatives, Micron’s margins and pricing power could weaken. Apple’s recent device-price increases show that memory scarcity remains real, but also risk weakening consumer demand. Micron’s newest development is a long-term supply agreement with General Motors, announced July 1. Micron will provide memory and storage products for GM vehicles while both companies develop futu

$Direxion Daily MU Bull 2X Shares(MUU)$  The latest analyst revisions show a major shift in how Wall Street is valuing Micron. The market is no longer treating the company purely as a short-term memory-cycle trade. Most analysts now believe AI demand, HBM growth, tighter supply and longer customer contracts could support stronger earnings for a longer period. The strongest signal is the concentration of targets between US$1,200 and US$1,625. This suggests many analysts still see further upside, even after Micron’s sharp rally. However, the wide spread between Goldman’s US$900 target and Susquehanna’s US$1,750 target also shows that uncertainty remains high. My view is cautiously bullish. The earnings outlook appears strong, but expectations ha