$MU has been seeing some big flow lately.

$Alphabet(GOOGL)$ TPUs adding to $NVIDIA(NVDA)$ GPU demand. New TPU generation leans hard on HBM & $Micron Technology(MU)$ is one of the only suppliers with real capacity.

As GOOGL scales TPU clusters, $Micron Technology(MU)$ becomes the go-to source for the extra memory the industry suddenly needs.

$Micron Technology(MU)$ closing +2.98% | Volume 36.7M (≈ 1× avg)

Range 9.64% | RSI(14) ≈ 58 (neutral zone)

Intraday flow +$0.96B (3rd straight day of net inflow)

Large lots modest net-out → small/mid lots catch, chips not loosened

Technical Levels (1-3 day view)

• Support 202-205 ← multiple retest confirmed

• Pivot 207 ← current center, lose → weaken

• Resistance 212-215 ← break opens 230-240

Catalyst Calendar (next 1 week)

• 11/27 $Micron Technology(MU)$ at Raymond James conf. → watch HBM3E ship guide & 2025 CapEx slope

• 11/28 Thanksgiving holiday, thin liquidity → beware false breakout

• 12/5 $Taiwan Semiconductor Manufacturing(TSM)$ supply-chain forum, if CoWoS capacity raised = indirect MU memory "add-order".

Valuation & Sentiment

• Trailing P/E 27.3× (vs. SPX 23×)

• Forward P/E 12.2×, near the low end of historical cycles (above 15× is considered “expensive”)

• Median Street target $214–$325; 38 analysts, 68% Buy/Strong Buy