TradingKey – Micron Technology stock pushes higher toward the $900 mark; will the upcoming CPI data boost it to break through this threshold?

On August 12 Eastern Time, Micron Technology (MU) rose nearly 4% in pre-market trading, with its stock price closing in on $898.52, just shy of the $900 major mark. Whether Micron can ride the momentum to reclaim the $900 psychological level today highly depends on the upcoming U.S. July CPI data and intra-day technical selling pressure from breakeven traders.

Wall Street giants like UBS and Mizuho noted in their latest reports that Micron’s high-bandwidth memory (HBM3e/HBM4) capacity for 2026 through 2027 has been fully sold out to AI giants such as Nvidia. Despite this, Micron’s stock price has…