$975 — you’re seeing $MU dollars? Do you want to cut your losses?

In the past month it’s down 22%, and today it’s falling another 1.7% toward the 975 area. The intraday low touched 957. But wait—year-to-date it’s up 236%, and over the past year it’s up 694%. Earnings report revenue was 41.4 billion, gross margin 84.6%, and the Q4 guidance keeps coming in explosively. 950–975 is a strong support zone. RSI has cooled from overbought back to neutral-to-low. Today’s low at 957 also hits the prior demand area—if it drops further, that’s basically handing away money. Don’t cut at the bottom.
First: the earnings report is explosive, yet the stock is down 22%—why?
When the earnings were released on June 24, the whole market was stunned:
Revenue: $4.146 billion
EPS: 25.11
gross margin: 84.6%
Q4 guidance revenue: $4.9–5.1 billion, continuing to beat expectations
16 long-term customer agreements locking in $22 billion in revenue
Deeply tied with Anthropic—HBM demand directly pulled out to 2028
So why is it still down?
Because retail traders think, “good news that’s already priced in is bad news,” while institutions quietly rebalance.
Second: MU isn’t a “chip stock”—it’s “oil for the AI era.”
Many people treat MU like an ordinary semiconductor stock. That’s the biggest misconception.
What is HBM memory? It’s the “blood vessels” for AI compute power. Without HBM, Nvidia’s GPUs are just scrap. Today, only three companies can make HBM globally. MU is the only one still building like crazy inside the US.
SK Hynix listing diverting money? Just a short-term disturbance. In the long run, the AI memory market is so huge it can feed three giants.
Third: a technical signal has appeared that you must pay attention to.
950–975 is the prior breakout base + a Fib 0.382 retracement + a high-transaction-density zone. Today’s low at 957 has already tapped that area. The 4-hour RSI shows potential positive-negative divergence: prices made new lows, but the indicator didn’t make new lows.
But in the 1000–1014 zone, MU has repeatedly met resistance. If a rebound can’t break above 1014 with volume, it will likely return to test 950.
Key levels
Resistance above: 1000–1014 → 1100 → 1250 → 1400–1500
Support below: 950–975 → 900–850
Conservative approach—wait and watch:
Wait for a breakout and hold above 1000 with volume before jumping in, or wait for a pullback to 950 to confirm support.
For short-term traders:
Longs: around 975 now, or on pullbacks to 950–970 to take positions in batches; stop loss below 940; targets 1050–1100. You must wait for a candlestick reversal signal (hammer + breakout volume).
Shorts: consider only if it breaks below 950 decisively and with volume; target 900–850.
For medium/long-term DCA investors:
Build positions in batches across the 950–1000 range; target 1400–1500+. Set stop loss below 940.
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