Micron Earnings, Inflation & Market Trends Outlook
I'm watching Micron ($MU ) heading into earnings tonight, but what catches my attention isn't just the quarterly print—it’s the gap between near-term momentum and long-term valuation. The stock is testing key support right around $1,000, with upside resistance sitting near the $1,150 gap fill. Even if Micron delivers strong numbers tonight, forward margins will likely dictate where the stock goes next. While the momentum looks strong right now, I'm staying cautious about where the semiconductor cycle could head over the next couple of years.
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