TradingKey – Before the market opened on August 4 Eastern Time, the US storage sector strengthened collectively, with Micron Technology ( MU) rising over 3%, SanDisk ( SNDK) rising about 3%, SK Hynix ADR ( SKH Y) rising over 2%. Prior to this, Micron’s stock price experienced a significant correction, falling back more than 30% from its historical high, and the market once worried that the AI storage boom was cooling down. However, with the sentiment in the storage sector warming up, capital has begun to refocus on the recovery opportunities for Micron’s stock price.

Micron’s stock price weekly chart, Source: TradingView

Looking at Micron’s weekly stock price chart, although the stock price once fell below $800 last week, it completed the…