Watch These Micron Price Levels After Stock Leads AI-Fueled Chip Rally
Key Takeaways
- Micron shares could remain in focus on Tuesday after leading a broad chip rally to start the week amid optimism that robust AI demand will continue to drive sector growth this year.
- The stock rallied from a key support area on the highest trading volume since mid-December, indicating buying conviction behind the move.
- Investors should watch key overhead areas on Micron’s chart around $110 and $130, while also monitoring important support levels near $97 and $85.
Micron Technology (MU) shares could remain in focus on Tuesday after leading a broad chip rally to start the week amid optimism that robust artificial intelligence (AI) demand will continue to drive sector growth this year.
The move Monday came after contract…
