NZX:NZX 25 December 2025

June 29, 2026, 3:38 AM EDT. Micron Technology (MU) experienced a 6.69% pullback to $1,121.36 on June 26 after hitting an intraday high of $1,198.71, driven by profit-taking following a surge. The semiconductor giant's robust earnings reflect soaring demand for high-bandwidth memory (HBM) and DRAM, crucial for AI servers and data centers. Fiscal Q3 revenue hit $41.46 billion with $25.11 non-GAAP EPS, while Q4 guidance estimates $50 billion revenue and $31 EPS, signaling sustained growth. Despite a 1,103% stock rise over the past year and trillion-dollar market cap, investors watch HBM and DRAM prices closely amid capacity constraints and supply risks. Micron's chart shows a bullish pattern of higher highs and higher lows, suggesting upward momentum may continue toward the $1,400 mark.