MU worth $909—are you panicking?

First, look at the surface: panic stampede, retail investors in despair.

Today’s single-day drop is 7-8%. It fell from the open at 975 straight down to around 900. From the 52-week high of 1255, it’s already down 28%. A big bearish daily candle, a short-term MACD dead cross, extreme panic—but the fundamentals haven’t changed at all.

First thing: you’re afraid of SK hynix, but they’re afraid of Micron.

What’s causing today’s drop? SK hynix expansion funding + concerns about China competition—memory stocks are all pulling back together.

MU’s HBM capacity is already fully sold out for 2026. Long-term strategic customer agreements lock in pricing power, with a gross margin of 84% and revenue up 4x year over year.

Customers are lining up to send money to Micron—packed all the way through the end of 2026, and no one’s getting in ahead of the queue.

And you’re still worried about “competition intensifying”? Wall Street is already doing the math: the HBM supply-demand gap will last at least until 2028. SK hynix expanding capacity? That’s the whole cake getting bigger—not coming to steal that slice from Micron.

Second thing: the earnings report tells you what a “money-printing machine” looks like.

June 24 Q3 earnings: revenue up more than 4x year over year, gross margin over 84%, EPS around $44, and PE at only 20x.

A company earning $40+ per share per year now sells for just $900.

Analysts’ average target price is 1486, with the highest at 2200.

Institutions like Keybanc keep an Overweight rating—this isn’t a “buy,” it’s an “overweight.”

Same valuation—put it in the crypto world, and it’s like SOL when it was $20. 99% of people thought “it can still drop,” but two years later it went up 10x.

Third thing: a technical signal has appeared that you must pay attention to.

900-920 is the 50-day moving average support zone, and also the 0.382 retracement level of this leg up. Today saw heavy-volume selling, but after testing 900 intraday, there are signs of stabilization.

If 900 can’t be held, the next stop is 850, even 800. Is it a breakdown to zero, or a golden dip?

The duel between bulls and bears—judge for yourself.

One side:

HBM capacity fully sold out by 2026, with very strong pricing power

Q3 earnings: revenue up 4x, gross margin 84%, money-printing-machine level

Analysts’ average target 1486, highest 2200—room to double

The US is expanding $250 billion in-country, hedging geopolitical risk

The other side:

Down 8% today, sector-wide profit-taking

SK hynix expansion funding—short-term sentiment shock

High-beta names: when the broader market falls, it falls even more

If support at 900 breaks, it could accelerate to 850

Key levels

Resistance overhead: 980-1000 → 1100 → previous high 1255

Support below: 900-920 (first layer) → 850-870 (second layer) → 800-817

For short-term traders:

Test long lightly near 900, stop-loss 880-850, target 980-1020; aggressive targets 1100.

For swing investors:

900-920 is the core accumulation zone—buy in 2-3 batches on dips, target 1300-1500. The bet is that AI capex keeps exploding + a catalyst from the next earnings report. Stop-loss set at 800-820.

For long-term believers:

Dollar-cost average with conviction below 900. The HBM super-cycle will last at least until 2028, and 2000+ isn’t a dream. But remember—if it breaks below 800, get out first and protect your principal.

MU now is like NVIDIA in early 2023—

99% of people think “it’s gone up too much,” and then it went from 200 all the way to 1000+.

The Micron at $900—you’ll find that:

It’s not the AI bubble that’s bursting; it’s that you sell every time you’re at your most panicked. #PreIPOs第二期OpenAI认购 #Gate6月透明度报告 #美国核心CPI未达预期 $BTC $SKHY $MU