Technical Architecture & Volume Dynamics Post-IPO Base & Reaccumulation: Following its record June 2026 IPO at $135 and subsequent rally to $225.64, $SpaceX(SPCX)$ absorbed massive supply through late summer lock-up expiration tranches. The equity bottomed in the $104.83–$108.37 zone before staging a V-shaped recovery back above its 50-day moving average. NASDAQ-100 Rebalancing Flow: Inclusion in the NASDAQ-100 (2.82% weighting) in late September injected sustained passive index demand. Recent consolidation in the $165.00–$172.00 range represents high-volume accumulation absorbing remaining post-lockup liquidity. Key Technical Levels: Immediate Resistance: $172.00 (October peak), followed by $192.00 (interim swing high) and $225.64 (all-t

$NVIDIA(NVDA)$ designs the compute engine, but $Micron Technology(MU)$ controls the critical physical bottleneck powering next-generation AI accelerators: High-Bandwidth Memory (HBM). Key Catalysts Driving the $MU Thesis HBM Content Density Scaling: Modern GPU architectures require up to 3.5× more memory density per chip scaling from 80GB HBM2e on legacy cards to 288GB+ HBM3e/HBM4 on Blackwell and Vera Rubin platforms. As LLMs expand, memory bandwidth and capacity not raw compute FLOPS become the binding constraint on AI training and inference at scale. Unprecedented Pricing Power: HBM3e/HBM4 manufacturing complexity has created a structural supply bottleneck, leaving memory producers sold out quarters in a