8 hours ago
My guess is MU closes around $1,145 on the first trading day after earnings.
HBM and server DRAM demand still look really strong, especially with AI demand staying hot. If Micron beats expectations and gives solid guidance, I can see the stock moving around 7% higher.
That said, expectations are already pretty high and MU has had a huge run, so I wouldn’t go too aggressive with a 10%+ call. I’ll stick with $1,145.
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