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AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

TradingKey – Micron Technology (NASDAQ: MU) is now at $934.33, and the 4-hour chart shows a massive bounce off ascending trendline support as buyers returned to the stock following a small correction. This rebound comes after Micron delivered another quarter of all-time record results thanks to record demand for HBM for AI. In previous cycles for memory, consumer electronics have played a huge role, but this time around it is driven by hyperscale data centers, sovereign AI data centers, and enterprise GPU data centers. With HBM fully sold out through 2027, expanding customer demand, and another quarter of aggressive guidance, Micron has been the biggest beneficiary of the strongest demand environment the semiconductor industry has…

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