Micron Technology Inc (NASDAQ: MU) stands as one of the largest semiconductor producers in the USA. It trails only giants like NVIDIA and Intel. In recent months, the stock price doubled to a milestone above $1000. This article explores the bullish Elliott Wave structure behind MU’s upward trajectory. Our analysis highlights potential advances and key targets for investors. Since its April 2025 low, MU started a new impulsive advance within wave (III). This created a bullish nesting structure. The current rally shows an incomplete sequence within wave ((3)) of III. Therefore, this represents the strongest wave of the entire cycle. The stock’s initial target sits at the $1159 – $1278 equal legs area. However, this zone will not stop the rally. The full extension comes at the $1472 Fibonacci