Micron Technology (MU) shares traded in a volatile range during the week of September 7, 2026, closing near $977 after peaking above $1,040 intraday on September 9 amid broader AI-related rotation and profit-taking. The stock’s movement reflected sustained demand tailwinds from high-bandwidth memory (HBM) and DRAM shortages, following the company’s June-quarter results that delivered $41.46 billion in revenue—up 346% year-over-year—with non-GAAP gross margins near 85% and EPS of $25.11. Management’s $50 billion fourth-quarter revenue guide and multiyear strategic customer agreements totaling over $22 billion in committed supply continue to underpin elevated pricing power and visibility. Traders are now focused on the September 30 earnings release for confirmation that margins and AI-driven bit growth can sustain the current cycle, against a backdrop of 52-week highs near $1,255 and analyst price targets averaging above $1,500.