--- title: "What's Going On With Micron Technology Stock Friday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/302910451.md" description: "Micron Technology (MU) stock rose nearly 4% on Friday, outperforming the broader technology sector as investors returned to semiconductor stocks following a recent selloff. This rebound occurred despite mixed U.S. market performance and weak advance-decline ratios. The gain coincided with rival SK hynix halting its Solidigm IPO due to market volatility. Technical indicators suggest the recovery is fragile, with the stock trading below key moving averages and facing resistance near $1,042.50. Analysts maintain Buy ratings with price targets around $1,622-$1,900." datetime: "2026-10-23T16:20:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302910451.md) - [en](https://longbridge.com/en/news/302910451.md) - [zh-HK](https://longbridge.com/zh-HK/news/302910451.md) generator: "portal-rs" --- # What's Going On With Micron Technology Stock Friday? **Micron Technology Inc.** (NASDAQ:MU) stock rose nearly 4% Friday as semiconductor stocks rebounded from Thursday’s technology-led selloff. The recovery came despite mixed performance across major U.S. indexes. The Nasdaq Composite gained 0.56%, while the S&P 500 slipped 0.13%. Technology stocks gained 1%, making the sector the second-best performer among the S&P 500’s 11 sectors. However, the broader market remained weak. Only three sectors advanced, while the advance-decline ratio stood at 0.4, signaling that declining stocks outnumbered gainers. Energy led the market with a 2.91% gain, while consumer staples fell 1.69%. Micron outperformed the broader technology sector, suggesting investors were selectively buying semiconductor stocks rather than participating in a marketwide rally. ## SK Hynix Scraps Solidigm IPO Plans Micron rival **SK hynix Inc.** (NASDAQ:SKHY) also gained Friday after the South Korean chipmaker halted plans for a U.S. initial public offering of its flash-memory subsidiary, **Solidigm**. SK hynix cited market volatility and the recent semiconductor stock correction. However, the company said Solidigm’s growth prospects and investment needs remain unchanged. SK hynix will continue exploring financing options to support Solidigm’s expansion. The decision added another development for memory-chip investors amid concerns about industry supply, AI spending and the cost of expanding production capacity. **See More: Top Growth Stocks** ## Technical Analysis Micron’s longer-term trend remains bullish, with its 50-day simple moving average above its 200-day average. Its 20-day average also remains above the 50-day average. However, the stock trades about 10% below its 20-day average and 9.6% below its 50-day average. This suggests Friday’s gain is a rebound attempt rather than a confirmed breakout. The moving average convergence divergence, or MACD, indicator remains below its signal line. Its negative histogram also points to weaker momentum. Traders may look for a bullish MACD crossover to confirm a stronger recovery. The stock faces resistance near $1,042.50, while support stands around $887.50. ## Sector Performance Micron gained about 3.6%, outperforming the **Technology Select Sector SPDR Fund** (NYSE:XLK), which rose 1%. The technology sector has declined 5.72% over the past 30 days but remains up 5.66% over the past 90 days. Meanwhile, Micron shares have surged nearly 330% over the past year. The recent pullback highlights continued volatility despite the stock’s longer-term gains. ## Analyst Outlook Micron carries a consensus Buy rating with an average analyst price forecast of $1,622.38. On Thursday, **Rosenblatt** maintained its Buy rating and $1,900 price forecast. **Needham** also maintained a Buy rating with a $1,650 forecast. ## MU Price Action Micron shares were up 3.55% at $886.93 at the time of publication Friday, according to Benzinga Pro data. *Photo via Shutterstock* **Read Also: Stock Drops 5% After Big Rally: Super Micro Computer Pulls Back During AI Supply Fears** ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [HYNX.US](https://longbridge.com/en/quote/HYNX.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [SK.US](https://longbridge.com/en/quote/SK.US.md) - [SKDD.US](https://longbridge.com/en/quote/SKDD.US.md) - [SKHA.US](https://longbridge.com/en/quote/SKHA.US.md) - [SKHL.US](https://longbridge.com/en/quote/SKHL.US.md) - [SKHN.US](https://longbridge.com/en/quote/SKHN.US.md) - [SKHU.US](https://longbridge.com/en/quote/SKHU.US.md) - [SKHX.US](https://longbridge.com/en/quote/SKHX.US.md) - [SKHZ.US](https://longbridge.com/en/quote/SKHZ.US.md) - [SKUU.US](https://longbridge.com/en/quote/SKUU.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) ## Related News & Research - [SBI Securities Co. Ltd. Makes New Investment in SK hynix Inc. $SKHY](https://longbridge.com/en/news/302855483.md) - [Micron Stock Moves Higher: What's Going On?](https://longbridge.com/en/news/302449704.md) - [SK Hynix Executive Jeong Inchul Raises Shareholding to 1,000 Shares From 600](https://longbridge.com/en/news/303044054.md) - [Why Micron stock is falling hard today](https://longbridge.com/en/news/302765784.md) - [UniTest Wins 16.23 Billion Won Chip Testing Equipment Contract From SK Hynix](https://longbridge.com/en/news/302491471.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**