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Micron Stock Breaks Triangle Resistance as AI Memory Demand Puts $1,034 in Focus

Micron Stock Breaks Triangle Resistance as AI Memory Demand Puts $1,034 in Focus

TradingKey – Micron starts September 7 at a closing price of $1,016.59, showing an overall increase of 6.10% on Friday. Micron closed just a few cents away from the chart reference of $1,014.85. With U.S. markets closed today for Labor Day, this is the benchmark heading into Tuesday. Micron has made considerable progress in the technical analysis space. With the broken descending triangle and resistance at $959.02, Micron’s fundamentals are still very strong. Q3 revenue reached $41.46 billion with Q4 expectations setting a target of $50 billion. HBM4 is already seeing high volume shipments. The single largest risk is the unresolved dispute over labor in Taiwan.

Q3 Revenue Reached a Record $41.46 Billion

Micron reported Q3 revenue at…

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