TradingKey – Constrained by Potential Strike Risks in Taiwan, Micron Technology May Struggle to Break $1,255 to Hit New Highs in the Short Term.

On October 8 ET, global semiconductor and memory giant Micron Technology (MU) stock price remained capped at $1,100, falling 1.73% in pre-market trading to stand at $1,069.16, less than 20% away from its all-time high of $1,255. So, will Micron’s stock price rebound further and strengthen to sprint toward this target price again?

Over the past two-plus months, Micron’s stock price has generally maintained an upward trend, supported by tight high-bandwidth memory supply and robust AI server demand, rebounding nearly 50% from its July low of $740 to recover part of the losses from the first half of…