MU worth $852—are you brave enough to bottom-fish?

First, look at the surface: a plunge of 30%+—retail investors are panicking and cursing.

In late June it surged to a record high of 1,255, then turned down. Over 5 days it fell 12%, in one month it dropped 20%, and now it’s at 852. The market cap has evaporated by more than $150 billion from the peak, and retail investors are shouting, “AI is over.” The candlesticks tell you: 850 is the key support before the June breakout plus the 50-day moving average. The market is already at an extreme oversold level—any bounce is imminent.

First thing: earnings hit a record, but the price fell—you got fooled by “sell the news.”

Q3 revenue was $41.5 billion (vs. $35.7 billion expected), EPS was $25.11 (vs. $20.49 expected), and gross margin jumped to 84-85%. Q4 guidance is even stronger: revenue around $50 billion.

Then what happened? The stock price fell from 1,255 to 852.

Because retail looks at price, while institutions look at valuation.

With the same earnings report, AI giants (Meta, Amazon) are still aggressively buying memory; HBM capacity has already been fully locked.

Second thing: the opponent is stirring things up, but the fundamentals are rock-solid.

CXMT plans an IPO; SK Hynix moving funds to list on Nasdaq will siphon capital from competitors, who are making moves.

But look closely—Micron just signed long-term strategic agreements with Tier 1 automakers like Ford. There’s $250 billion+ in U.S. investment, and the New York plant has already broken ground.

All HBM capacity is sold out; customer prepayments are already in hand; revenue visibility extends to 2027.

If products can’t sell enough, customers line up to send money.

Even expanding capacity through 2027 can’t catch up with demand.

Gross margin is 85%—profits come pouring in.

AI memory isn’t a bubble; it’s a necessity.

Third thing: a technical signal has appeared that you must take seriously.

In terms of structure, there are early signs of a double-bottom; RSI has dropped from the high to neutral; the MACD histogram is starting to converge; and volume is amplifying on the pullback—some people are selling, but someone bigger is stepping in to take it.

Above 850, look for 800-820. Hold 850 and see a volume-backed rebound, targeting 1,100-1,200+.

Long vs. short—judge it yourself.

One side is:

Earnings beat expectations across the board; gross margin at 85% is a record

CEO says shortages to 2027, with HBM fully locked

Big-name firms like Ford signed long-term deals—revenue visibility is very high

850 triple support + early double-bottom; technical oversold repair is imminent

The other side is:

Down 32% from 1,255; the medium-term is still in a correction cycle

Competitors CXMT/SK Hynix siphoning funds

Pressure from rotation in the U.S. tech sector

If 850 breaks, it accelerates a deeper drop to 800-820

Key levels

Resistance overhead: 900 → 950-980 → 1,000-1,030 → 1,100-1,200

Support below: 850 (line between life and death) → 810-820 → 750-780

For short-term traders:

Buy in batches in the 850-860 range, stop loss at 840, targets 900-950. Leverage 5-10x (for beginners 3-5x). If it holds above 880, you can add.

For swing players:

After holding 850 and seeing a volume-backed rebound, get in on the right-side move. Target 1,000-1,100. Take profit in batches: sell half at 900 first, keep the rest for 1,000+. If it breaks 840, exit unconditionally.

For long-term believers:

Do closed-eye DCA below 850. AI memory is one of the most certain tracks for the next 3 years; Micron is one of only three global HBM suppliers, with a 2027 target of 1,500+.

MU right now is like NVDA in early 2023—

99% of people think “AI has already pumped too much,” and NVDA went from 200 to 1,000 anyway.

The day you see 850 hold, you’ll realize:

It wasn’t the AI bubble that broke—it was that you cut losses every time at the lowest point. #PreIPOs第二期OpenAI认购 #GateDEX全面接入RobinhoodChain #夏日创作营 $MU $SNDK $SKHY