What will Micron Technology, Inc. (MU) hit Week of August 24 2026?
Micron Technology (MU) shares closed at $910.43 on August 24 after a 5.83% decline amid semiconductor sector weakness, profit-taking, and concerns over potential Apple sourcing of Chinese memory chips, following a week of elevated volatility with intraday swings exceeding 5% and prices ranging from the mid-$800s to over $1,000. The move follows robust fiscal Q3 results reported in June, with revenue surging 346% year-over-year to $41.5 billion and adjusted EPS reaching $25.11 on AI-driven demand for high-bandwidth memory and DRAM that management indicated could keep supply tight through 2028. Recent catalysts include the August 20 announcement of a $10 billion U.S. AI research lab and multiple long-term strategic customer agreements locking in volume, while the next earnings release is scheduled for September 22 and analyst consensus price targets average above $1,500.