MU worth $988—are you going to chase it?

First, look at the surface: after a sharp drop, a strong rebound—bulls have taken back control.

Yesterday’s spot close was 937, a plunge of 4.32%, with the low probing around 934. But today, the perpetual contract directly bounced from 934 to 988, up 5.8%, completing a V-shaped reversal and reclaiming the key integer level of 980. With volume expanding, 950-960 has flipped from resistance to support. The shakeout looks over—the second wave of the main uptrend is coming.

First thing: the earnings are explosive—but you got scared off by the “AI top” narrative.

FY2026 Q3 revenue was $41.46 billion, up 346% year over year, with EPS of $25.11, well above expectations. Data center annualized revenue exceeded $25 billion, and HBM high-performance memory remains in short supply and high demand.

Sounds crazy good, right? But retail’s logic is always: if it pumps too much, it must dump—good news already means bad news.

Second thing: the V-shaped reversal tells you—shorts have been blown up.

From 934 to 988, the single-day rebound was 5.8%, and the perpetual contract reclaimed most of its losses directly.

The crypto market is the same: the high-beta leveraged tools in the AI memory sector—MU perpetuals’ volatility always leads or stays in sync with BTC/Nasdaq sentiment. MU stabilizing today is a leading signal that risk assets are warming up.

Same big drop: the first time you cut at 950, second time you cut at 940, third time—MU V-reverted to 1000, and you can only chase higher at 988.

That’s what “missing the move” is.

Third thing: fundamentals keep you up at night—but this is a good thing.

AI capital expenditures: hyperscalers over $700 billion. The Fed rate is 3.5%-3.75%, but real AI demand ignores macro pressure entirely.

Memory isn’t discretionary spending—it’s AI infrastructure, like electricity and water: you must use it.

MU has extremely strong pricing power, and supply-demand is tight—customers are queuing to grab inventory.

This isn’t the GPU mining-bubble of 2021. This is the starting point like NVDA in 2021.

MU’s current valuation is comparable to historical levels—like NVDA the night before its 2021 breakout. Everyone was saying “it’s up too much,” and then it still ran 5x more.

Bulls vs. bears—judge for yourself.

On one side:
Earnings up 346%, data center annualized revenue over $25 billion
Supply-demand stays tightly balanced through 2027, with very strong pricing power
V-reversal from 934 to 988, violent bull offensive, 950-960 support confirmed
AI capex over $700 billion, independent of the macro cycle

On the other side:
Yesterday’s dump 4.3%, with the 1019 level failing to be broken through three times
“AI trading getting overheated” discussions heating up, with some capital rotating
Perpetual contracts have high volatility—if BTC breaks below $60k, it could drag MU

Key levels

Upper resistance: 1019-1050 → 1255 (all-time high)
Lower support: 950-960 → 920-934 → 850-880

Conservative bulls:
Hold near 988 or add a small long position. If it pulls back to 950-970, add in batches (best area). Targets: 1019-1050 (first wave); medium-term 1200+; long-term 1500-2000. Stop loss: if it breaks below 920 with confirmation, exit immediately.

Aggressive short-term:
If 988 attacks higher with volume, chase the long and bet on 1019. If it pulls back near 960, buy the dip there, and take profit quickly.

Crypto linkage strategy:
MU stabilizing is often a leading signal that risk assets are rebounding. If it holds above 1000 with volume, the AI theme in crypto will likely follow. If it slips back below 950, cut exposure and watch.

MU right now is like NVDA in 2021—

99% of people think the “AI bubble is about to burst,” but the memory super-cycle has only just started—and it later surged 5x.

The day 1019 breaks through, you’ll realize:

It wasn’t that MU was weak—it’s that you always sell at the lows and buy at the highs. #PreIPOs第二期OpenAI认购 #百万充值补贴 #沃什听证会撞上CPI $BTC $MU $SKHY