Trade Alert – July 2, 2026

MU – Micron Technology released quarterly results on June 24. They reported historic Q3 fiscal 2026 results with a 346% year-over-year revenue increase to $41.46 billion and adjusted earnings of $25.11 per share, both crushing Wall Street estimates. The memory chip maker provided robust Q4 guidance of ~$50 billion in revenue, driven by unprecedented AI demand. Gross margin expanded to an unheard of 85%. With demand way over supply, Micron says they are sold out through 2027. Price targets have been increased to the range of $1,800-$2,000, providing a potential 100%+ return based on today’s price. Don’t be afraid of the high price. A double is a double….Also, I believe a stock split will be upcoming.

With all of this in mind, we will be starting a modest 2 share position in MU.