TradingKey – Surges and Pulls Back to Barely Defend $1,000! What’s Next for the AI Memory Giant?

On September 8 Eastern Time, Micron Technology (MU) experienced sharp stock price volatility, surging sharply over 2% after the open to above $1,041, hitting a multi-month high. Subsequently, Micron’s stock price continued to pull back, dipping as low as $997, before barely holding the psychological round level of $1,000. By the close, Micron fell 1.61% to settle at $1,000.26.

Benefiting from demand for high-performance computing (HPC) from AI chip giants such as Nvidia (NVDA), Micron’s HBM3E/HBM4 capacity remains tight, while overall contract prices for memory products are strongly supported, driving its stock price higher.

However, Micron…