TradingKey – As of August 17 Eastern Time, Micron Technology (MU) rose 4.13% for the day to close at $1,011.75, reclaiming the $1,000 mark. Since falling to a low of $737.88 on July 29, Micron’s stock price has rebounded by about 37%, but still has roughly 20% upside potential to its all-time high of $1,254.80 set on June 25.
Recently, Micron’s management offered a relatively positive assessment of supply and demand dynamics in the memory market.
At the KeyBanc Technology Leadership Forum, Micron’s Chief Commercial Officer stated that AI-driven memory demand is growing rapidly, and the supply environment in 2027 could be even tighter than in 2026, with supply shortages potentially persisting beyond 2027.
The primary reason behind this…
