#ShareYourUSStocksWinNvidia

$MU ‌

Hello everyone, Gate TradFi has opened its doors, giving us access to over 10,000 stocks and ETFs from 5 major exchanges, including the NYSE and Nasdaq, using USDT via Alpaca infrastructure. MU, the king of the memory market, is right in front of me, and the screens are witnessing a storm of red today.

🔹 The accelerating earnings story is strengthening. In Q2, revenue reached $23.86 billion, exceeding the $20.07 billion expectation, representing a nearly 196% year-over-year increase. EPS of 12.20 surpassed the 8.73 consensus. DRAM prices rose to the mid-60 range, and NAND prices to the high-70 range, with margins moving towards 68%. 2026 HBM supply is fully sold out with multi-year contracts, with the June 24th earnings report serving as the next point of evidence.

🔹 The technical picture is breathtaking. The price is stabilizing around $1,001, with an intraday low of 971.68 and a high of 1,017.4. The 52-week range is between 96.96 and 1,089.29, and the sell-off after the peak was rejected in the 971 region. Recovery attempts are forming above 1,017, with 1,050 as an intermediate resistance and 1,089 as a record high target. The company joined the $1 trillion club with approximately 900% growth in the last year.

🔹 I'm gaining flexibility with Gate TradeFi in this volatility. I'm running an Accumulating strategy on the spot side with USDT, turning short pullbacks into opportunities with CFD and Perpetual. The 970-1,000 band stands out as an accumulation zone, and a close above 1,017 refreshes momentum.

🔹 Analyst consensus is shaping up in favor of Strong Buy, with 41 analysts following. The current quarter's average EPS forecast is 19.29, representing a 1.015% growth from 1.73% last year. Susquehanna has raised its target to $1,750, with long-term HBM agreements securing memory prices.

With the HBM wind at our backs, the memory throne is shaking. Friends, do you expect a new ATH above the 1,089 record for MU, or will you accumulate a bit more around the 970 range first?

⚠️ Not financial advice.
#Gate正式推出股票交易 #Gate美股 #ShareYourUSStocksWinNvidia #IntroducingGateStocks