MU: Is the AI Memory Rally Just Getting Started?

Wait 5 sec.

MU: Is the AI Memory Rally Just Getting Started?Micron Technology, Inc.BATS:MUYusuftsauriMicron is back on my watchlist after a sharp rebound from the $690–$700 support region. The stock is currently trading around $798, but the bigger question is whether buyers have enough strength to sustain this recovery. Looking at the 4H chart, the recent bounce is encouraging, although the overall structure still needs confirmation. Key levels I'm watching: - $790–$800: Current decision zone. Buyers need to defend this area. - $820: Immediate resistance. A convincing breakout could strengthen the recovery. - $900: Next potential upside target. - $983: Major resistance from the previous price structure. - $692: Critical support. A breakdown could bring renewed selling pressure. My market perspective AI infrastructure continues to attract attention, particularly memory and high-bandwidth memory demand. This is one reason Micron remains interesting alongside other semiconductor names such as NVDA and AMD. I'm also watching how the AI narrative is expanding beyond traditional equities. With Bitget offering exposure to different market products, including stock-related and pre-IPO futures, there are more ways traders are approaching these opportunities. However, each market comes with its own risks and pricing dynamics. For MU, I'm not rushing into the current bounce. I'd rather see buyers reclaim $820 and hold it before considering a stronger bullish continuation. If that doesn't happen, the $790 zone and eventually $692 remain important downside levels. What's your take on Micron? Are we seeing the beginning of another AI-driven rally, or is this simply a relief bounce? This is my personal market analysis, not financial advice. Always manage your risk.