Bullish MU thesis by marketmike

MU - Micron Technology Inc - Technology

MU has been on a rampage, and I'm not here to call a top. Look at that chart: barely a year ago, this was a double digit stock and now it's smashing through 700. Wild. But just because it's up huge doesn't mean it's done. Most people will say "too hot, too risky" but I think that's exactly why it's about to keep ripping. My target? 870.00. I'm not shy. That's where I'm looking for a quick exit.

Here's why I'm staying aggressive: demand for memory is exploding even faster than people want to admit. MU's supply discipline and tight control on capex put them in the perfect spot to hit insane margins. Everyone's scrambling for capacity, and MU's pricing power lets them keep squeezing. If you're waiting for some "mean reversion" to save you, forget it. There are no signs of demand cooling. Plus, those last few earnings? Absolutely blasted expectations. The momentum alone is going to squeeze shorts and bring in every FOMO chaser on the street.

Catalyst is simple: next earnings cycle. If they put up another "beat and raise" then all the valuation hand wringing will get left in the dust. I honestly think it gets crowded at the top, but that's a problem for next quarter. For now, nobody is stepping in front of this freight train.

Yeah, it's not risk free. If demand for memory actually slips or there's a surprise guide down, this thing will nuke. I'd have a stop in place if you're scared, because it could get ugly fast. But if you want upside, you won't find a better setup right now. Let the bears short into oblivion.

Bullish

Open

Created May 15, 2026

Community vote

Entry Price

$724.66

Above

$870.00

Target Date

Jul 3, 2026

Karma

126 to 17663

Above target (win)Projection

Comments

May 16, 2026 · 22:41

Honestly, I get the FOMO, but chasing after something that's already up this much feels dicey. Yeah, memory demand is a real tailwind, but these parabolic runs usually end with a hard snapback. If you're in from way lower, maybe it makes sense to hold, but buying at 724 for a 20 percent pop doesn't look like a slam dunk to me. Just watch your stop or this thing could burn you fast if sentiment turns.

May 17, 2026 · 13:16

Not gonna lie, I get the excitement about the memory boom, but this thing is literally up 10x in a year and already trading like it’s the only memory company that’ll ever matter. Betting on more upside from here feels like picking up nickels in front of a steamroller. Maybe you get that last push to 870 but man the air is getting thin.

May 17, 2026 · 23:36

Totally get what you’re saying. It’s hard to look at that kind of run and not think the shoe drops soon, especially if everyone’s already putting MU on a pedestal. The chart is insane and demand is real, but odds feel stacked against late longs at some point. I’d want some serious conviction (and maybe a tight exit plan) before trying to squeeze more out of this thing.

May 17, 2026 · 23:46

Picking up nickels? I’m hunting Benjamins while the steamroller’s picking up speed, man. You said it yourself, demand’s off the rails and everybody’s too scared to ride the rocket. MU’s not just “another memory company” when FOMO’s the only thing hotter than the chips. I’m good holding till 870 or till my eyebrows get singed, whichever comes first.

May 19, 2026 · 23:17

Not denying the demand angle, but MU going from double digits to over 700 in a year makes me nervous. Stuff doesn't just keep ripping forever because the crowd gets scared. Parabolic moves almost always get some kind of reality check. I'll wait for a pullback before thinking about chasing this one.

May 20, 2026 · 22:34

I get where you're coming from on the demand side, but after a 7x move I just don’t see how you can be “not shy” about chasing it up here. That kind of parabolic chart isn’t a normal growth pattern, it's a warning sign more often than not. I guess you could squeeze out more upside if the mania really has legs, but man, the risk looks brutal if it snaps back.

May 22, 2026 · 14:29

Everyone acting like stocks have gravity or something. You see a rocket, you don’t step back, you strap in. I get the chart’s bananas but that’s exactly when the FOMO gets real and the melt up goes nuclear. Memory demand’s got zero chill and the scared money can watch from the sidelines.

May 24, 2026 · 13:19

I get you think demand’s ripping but after a move from under 100 to 700, I’m not gonna pretend risk hasn’t gone way up too. You can ride the hype train but parabolic runs usually end in tears. Chasing after 700 is a brave play but I’d want a seatbelt and a parachute. Good luck, but I’m staying on the sidelines till the mania fades a bit.

May 24, 2026 · 13:51

I see what you’re saying about needing a seatbelt after a run like this, but “parabolic runs end in tears” doesn’t always apply when the underlying demand is nuts. The thesis is basically that fear is keeping people out, and when everyone’s freaked, there’s room left. I wouldn’t pile in with the mortgage, but I don’t hate swinging for 870 if DRAM/AI momentum keeps cooking. Just gotta admit, timing exits on these is never as easy as it sounds.

May 24, 2026 · 23:12

I hear you on memory demand but calling for 870 after this run feels like tempting fate. Markets can stay wild longer than expected but the risk/reward here is pretty rough for new money. Sure, maybe it keeps going if the demand story gets crazier but chasing a stock that's already 7x’d in a year is how people end up bagholding. I'm staying on the sidelines until it cools off.

May 25, 2026 · 14:04

Bro I respect the lack of fear, but you’re basically trying to surf a tsunami with no lifejacket. Yeah demand’s nuts, but chasing MU after it went from penny stock vibes to this? I hope you’re printing, but sheesh, I’m bringing a seatbelt.