TradingKey – At the end of the week, Micron Technology (NASDAQ: MU) closed at $979.30, and $982.75 in after-hours, as the stock traded in the $954 – $998 range. Micron made headlines in two different ways. First, Micron decided to expand their US Manufacturing with an investment of $250 billion by 2035 and broke ground on their megafab in New York, and second, Micron made a $3 billion dollar investment to strengthen the US Semiconductor supply-chain.

In the same timeframe, on July 10, SK Hynix began trading on the Nasdaq with the ticker SKHYV and had a record-breaking $26.5 billion IPO with a foreign company and traded up 13-14% on the first day of trading. MU is trading at $979, with an RSI of 47.47, which is neutral. Earnings are on…