Micron Stock Price Rally Is Not Over: MU $190 Is Coming Soon
’s stock price rally is not over. The move is fundamentally driven by AI and its impact on revenue and Micron’s position in the global semiconductor industry. The move is technically driven by forces rooted in the DotCom bubble of 1999/2000 and can easily reach the $190 level soon.
Technically, Micron has been trapped in a trading range dating back to the DotCom peak and only recently broke out. That move implies a rally equal to the range’s magnitude, which is approximately $96. Adding $96 to the DotCom high gives a target of roughly $190.
And it’s not like this forecast is unreasonable. Other prominent AI-centric companies have experienced similar stock price movements. Blue-chip tech leaders, including , , , , and , have all…
