TradingKey – As of the close on September 21, Eastern Time, Micron Technology (MU) rose 2.77% to close at $1,043.96, touching an intraday high of $1,064.49. Micron’s stock price has logged three consecutive trading days of gains recently, with a cumulative gain of over 12%, firmly regaining the $1,000 mark. Meanwhile, the overall rebound in the AI chip and semiconductor sectors has also provided support for Micron’s stock price.
From a fundamental perspective, the core factor supporting the continued rise in Micron’s stock price lies in DRAM supply and demand expectations.
Stifel analyst Brian Chin recently pointed out that DRAM shipment growth in 2027 may slow from the high-20% range in 2026 to 15%–20%, but this is due to capacity…
