Technical Picture and Market Outlook

From a technical perspective, MU has reclaimed momentum with the stock holding firmly above its 50-day moving average of $118 and its 200-day at $100. Immediate resistance stands at $129.85, the 52-week high, followed by $150, which coincides with multiple analyst targets. On the downside, support is anchored at $118.50 and deeper at $110. A breakout through $130 would likely signal a move toward the $150–$160 zone.

Verdict on NASDAQ:MU

Micron Technology (NASDAQ:MU) is emerging as one of the clearest beneficiaries of the AI hardware cycle. With earnings guidance raised, HBM capacity locked in, and demand visibility stretching into 2026,…