TradingKey – As of August 31 Eastern Time, Micron (MU) stock rose 2.77% on the day to close at $958.73, reaching an intraday high of $959.78. After a rapid pullback from above $1,250 in late June, Micron’s stock price has recently been consolidating mainly in the $800–$1,000 range. The stock is now approaching $1,000 again, showing signs of improvement in its short-term trend.

From a fundamental perspective, Micron remains supported by demand growth for HBM and DRAM driven by AI. In the latest quarter, revenue reached $41.46 billion, with an adjusted gross margin of 84.9%. The company expects next-quarter revenue of around $50 billion and a gross margin of about 86%. Meanwhile, HBM4 has entered volume shipments, and management stated…