TradingKey – Micron’s stock price failed to breach the $1,000 mark and may face downward pressure to retest $800.
On July 27 Eastern Time, ChangXin Technology, the world’s fourth-largest DRAM manufacturer, surged over 400% today in its market debut, boosting US memory-related stocks in pre-market trading. Among them, Micron Technology ( MU) rose 3.33% to temporarily trade at $951, recovering some lost ground.
Micron stock chart, Source: TradingView
Last week, Tesla ( TSLA) and Google ( GOOG) released earnings reports showing that AI capital expenditures increased rather than decreased, boosting Micron’s stock price rebound to 20%. The stock briefly breached the $1,000 mark intraday last Thursday (July 23) but failed to stabilize. The…
