$Micron Technology(MU)$ Price action showed AI memory demand is still the dominant, very bullish story. Micron, SanDisk, and other memory names all rallied. Investors likely continued pricing in strong AI infrastructure spending.
The China-memory angle adds another catalyst. Reports that the U.S. administration is discouraging Apple from sourcing memory chips from Chinese suppliers could reduce competitive pressure on Micron. It all looks like a win-win for Micron. For the bullish case, I'm hoping and thinking around $1060 - $1090.
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