909 dollars for $MU —are you panicking?

First, look at the surface: panic selling, retail investors in despair.
Today, the stock dropped 7–8% in a single day—straight from 975 at the open down to around 900. From the 52-week high of 1255, it’s already down -28%. A huge bearish daily candle, short-term MACD forms a dead cross, extreme fear—but the fundamentals haven’t changed at all.
First thing: you’re afraid of SK hynix, but they’re afraid of Micron.
What’s driving the drop today? SK hynix expansion financing plus worries about competition from China—so the memory sector pulled back across the board.
Micron’s HBM capacity is already fully sold out for 2026. Long-term strategic customer agreements lock in pricing power, with gross margin at 84% and revenue up 4x year over year.
Customers are lining up to send Micron money—by end-2026, there’s still no queue.
And you’re still worried about “intensifying competition.” Wall Street is already doing the math: the HBM supply-demand gap will last at least through 2028. SK hynix expanding capacity? That’s the whole cake getting bigger, not them coming to steal the slice Micron has.
Second thing: the financial report tells you what a “money printer” looks like.
June 24 Q3 earnings: revenue up 4x year over year, gross margin over 84%, EPS around $44, and PE only 20x.
A company earning more than $40 per share a year is now selling for just $900.
Analysts’ average target price is 1486, with the high at 2200.
Institutions like Keybanc maintain an Overweight rating—not a “buy,” but an “Overweight.”
With the same valuation, in the crypto world it’s like SOL when it was $20—99% of people thought “it can still fall,” and two years later it rose 10x.
Third thing: a technical signal has appeared that you must take seriously.
900–920 is the 50-day moving average support zone, also the 0.382 retracement level of this latest surge. Today saw heavy-volume selling downward, but after testing 900 intraday, it showed signs of stabilization.
If 900 can’t be held, the next stop is 850, even 800. Is this a breakdown to zero, or a gold mine?
Key levels
Resistance above: 980–1000 → 1100 → prior high 1255
Support below: 900–920 (first layer) → 850–870 (second layer) → 800–817
For short-term traders:
Test long with light positions near 900. Stop-loss: 880–850. Targets: 980–1020, with an aggressive view of 1100.
For medium-term traders:
900–920 is the core accumulation zone—build in 2–3 batches on dips, targeting 1300–1500. The bet is that AI capex keeps exploding plus the next earnings catalyst. Set stop-loss at 800–820.
For long-term believers:
DCA/accumulate with confidence below 900. The HBM super-cycle should last at least until 2028, and 2000+ isn’t a dream. But remember—if it breaks below 800, get out first to protect your principal.
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