Micron Technology MU: How to get in after a pullback of over 10%? A Guide to Long Positions in Traditional Finance

In early June, the U.S. stock market’s semiconductor sector went through a round of sharp adjustments. Micron Technology (Micron Technology, NASDAQ: MU), the largest U.S. memory chip manufacturer, plunged 13.25% in a single day on June 5, closing at $864. The chip-stock ETF also fell 10% that day, marking the worst one-day performance since March 2020.

However, the market’s core narrative—AI’s structural demand for storage chips—has never changed. For crypto investors, is Micron’s current pullback a risk-off cleanup, or a rare opportunity to enter?

Why Pay Attention to Micron Technology (MU)?

Micron Technology is a global leading supplier of memory and storage solutions, with its product lineup centered on DRAM and NAND Flash. In the 2026 capital markets, Micron has grown from a cyclical memory chip maker into an indispensable “bottleneck” supplier for building AI infrastructure.

1. The AI storage supercycle is still on the way

Micron’s high-bandwidth memory (HBM) and DRAM for AI data centers are core components for running large-scale AI clusters. As major cloud service providers continue to expand AI clusters and sign long-term supply agreements, demand for storage chips is not only increasing, but accelerating. Micron is positioned at the core of this structural scarcity.

2. The fundamental data remains solid

In terms of financial performance, Micron’s growth in this cycle is driven directly by rising DRAM and NAND prices. The company’s revenue in the previous quarter was $23.9 billion. For this quarter, the company guided revenue of $33.5 billion, while market expectations were $33.8 billion—an impressive year-over-year growth of 263%. Many in the market believe that the third-quarter earnings report scheduled for June 24 is highly likely to come in above expectations, and could also lead to an upward revision of full-year guidance.

3. Wall Street is bullish on the long term

Morgan Stanley recently raised its price target for Micron to $1,050 and assigned it a rating of “Overweight,” noting that DRAM is increasingly becoming a main bottleneck for AI buildouts. The firm expects the tight storage supply situation to persist for at least two to three more years. Morgan Stanley also raised its FY2027 earnings per share forecast for Micron by 48%, believing there is still room for valuation multiple expansion as investors continue to price in the sustainability of earnings.

4. Valuation still offers room for upside

Even though Micron’s stock has already risen by more than 170% this year, its forward P/E remains relatively low. In its latest report, Morgan Stanley explicitly stated that the estimated P/E for Micron in FY2027 is below 10, suggesting the stock still has room to rise.

What Do the Technicals Say About MU Right Now?

From a technical-structure perspective, Micron is currently in a high-level consolidation after a fast rally.

• Current key range: approximately $850 — $920
• Major support: $850 (area with dense institutional demand)
• Near-term resistance: $920 (the first rebound barrier)
• Trend-continuation breakout zone: $950 — $1,000
• New all-time high zone: above $1,089

The third-quarter earnings report on June 24 will be an important catalyst. If the earnings data significantly exceeds expectations and guidance is revised upward, MU may break higher out of the current consolidation range and return to an upward channel.

How Can Gate TradFi Go Long on Micron Technology (MU)?

For users who hold crypto assets, Gate’s TradFi product line offers a low-threshold channel to go long on U.S. stocks.

Gate TradFi is a traditional finance contract for difference (CFD) trading product launched by Gate. It allows users to trade derivatives of gold, FX, indices, commodities, and global stocks directly using USDT—without needing to open a separate traditional brokerage account. Its core advantages include:

• Unified margin in USDT: After transferring USDT to the TradFi account, the system automatically displays the balance in USDx (an internal valuation unit pegged 1:1 to USDT), with no need for additional exchange procedures.
• All-in-one management: Manage crypto assets and traditional-finance positions under the same Gate account.
• MT5 professional trading system: Gate provides TradFi contract trading services through MT5, with data synchronized between the app and the client.
• Low fees: Per-trade fees can be as low as $0.018.

The Specific Steps to Go Long on MU

Step 1: Open the Gate app or the web version, and find the “TradFi” or “CFD Trading” entry.

Step 2: Transfer USDT to the TradFi account. Go to the account page and transfer USDT from the main account to the dedicated TradFi account. The system will automatically display the transferred amount in USDx format.

Step 3: Search for and select the MU long trading pair. Gate TradFi has launched multiple U.S. stock CFDs, and Micron Technology (MU) is among them.

Step 4: Choose “Go Long” (Buy/Long) and set the trade quantity. Gate stock CFDs support up to 5x leverage, while all stock CFDs use a fixed leverage multiplier.

Step 5: Confirm the order and manage the position. Using a full-margin mode, the long and short positions on the same trading pair can be offset/hedged based on lot size. Holding positions across market closures will incur overnight fees.

Key Trading Rules at a Glance

| Parameter | Rule Description | | --- | --- | | Trading session | Follow traditional U.S. stock market hours, with a clearly defined market close schedule | | Leverage | Up to 5x for stock CFDs (fixed multiple; cannot be adjusted manually) | | Margin mode | Full-margin; long and short positions in the same instrument can be hedged | | Fees | As low as $0.018 per trade | | Risk control mechanism | Forced liquidation triggered when the margin ratio falls below 50% |

Why Is This the Right Time to Focus on Going Long on MU?

In the short term, the third-quarter earnings release on June 24 is the latest key event window. The market expects revenue of $33.5—$33.8 billion and non-GAAP EPS of about $19.15. If performance beats expectations and guidance is raised, the stock could see a new round of upside catalysts.

In the medium to long term, the supply-demand gap for high-bandwidth memory (HBM) and AI-dedicated DRAM is unlikely to be closed quickly. Constrained by insufficient cleanroom capacity and limited EUV lithography equipment supply, Micron’s expansion pace will face strict restrictions. These physical-layer supply constraints provide Micron with a structural earnings base for at least two to three years.

Summary

Micron Technology’s sharp recent pullback has not shaken the fundamental pillars of the AI storage supercycle. Together, the industry consensus such as Morgan Stanley’s raised price targets, the market expectation for the June 24 earnings report to come in above expectations, and the ongoing supply-tight environment for the next two to three years form the core logic behind MU’s medium- to long-term bullish outlook.

FAQ

Q: What is the difference between Gate TradFi’s stock CFDs and real stocks?

A: CFDs trade on stock price movements and involve no delivery of physical assets or securities settlement. You don’t need to hold real stocks—so it is purely a price-speculation instrument. At the same time, Gate has also launched trading in real stocks and ETFs, allowing you to directly hold the underlying actual U.S. stocks.

Q: What is the minimum funding required to go long on MU?

A: Gate TradFi’s CFD trading has no fixed minimum deposit requirement, but when using leverage you must ensure your margin ratio meets the required levels. It’s recommended to set your position size based on your personal risk tolerance.

Q: How is the risk of 5x leverage controlled?

A: Leverage amplifies both gains and losses. Gate uses a margin-ratio forced liquidation mechanism (triggered at 50%). It’s recommended to set reasonable stop-loss levels and avoid heavily betting on a single event with oversized positions. For crypto investors, Gate’s TradFi stock CFD feature lowers the entry barrier to go long on Micron using USDT. With a unified account system, MT5 professional execution environment, and fixed leverage up to 5x, users can complete both-direction allocation of crypto assets and U.S. stocks on the same platform.