$MU 🚨 MU Price Alert - Up 2.03% - Cause:
- Trump's Endorsement Boost: President Trump publicly praised Micron as "great" during a New York rally, highlighting its chip investments and fueling positive market sentiment around MU.
- AI Memory Demand Surge: Discussions emphasize Micron's inability to meet 50-60% of customer demand due to explosive AI-driven needs for HBM, DRAM, and NAND, with tight supply expected to persist beyond 2026.
- Strong Fundamentals & Guidance: Highlights include record revenues, high gross margins, robust Q3 guidance, and HBM4 advancements for next-gen AI platforms like Nvidia's Vera Rubin.
- Price Action & Technical Levels: Focus on recent rapid gains, key support at 720-725, resistance at 770-780, and bullish targets toward 800-840 with potential for four-digit prices long-term.
- Long-Term AI Infrastructure Play: MU positioned as a core beneficiary in the AI stack beyond GPUs, addressing memory bottlenecks in data centers, inference, robotics, and storage.
- Portfolio & Trading Activity: Users report adding to positions, taking profits, and viewing MU as a high-conviction AI semi holding amid broader market strength.
