TradingKey – Persistent high capital expenditure from Google and Tesla boosts Micron’s stock rebound, with a potential return to historical peaks in the second half of 2026.

On July 23, Eastern Time, Micron Technology ( MU) extended its recent gains, briefly breaking through the $1,000 threshold during intraday trading to reach a high of $1,011.12. However, Micron’s stock price pulled back late in the session, ultimately narrowing its gains to 3.2% to close at $990.21.

Micron stock price chart, Source: TradingView

From late June to mid-July, concerns over slowing AI capital expenditure and peaking memory prices led to a major correction in Micron’s stock price, which fell continuously from a peak of $1,255 to a low near $798 on July 17,…