How Does Micron Stock Keep Going Up? Here’s What Could Stop the Rally
How does Micron stock keep going up? That’s the question a lot of people are typing into Google again this week. Micron stock keeps going up because of record earnings, a memory shortage that keeps getting tighter, and heavy AI demand, all feeding the same Micron stock rally that’s been running for months now. Shares gained another 12% just this week, which is exactly what gets people asking why is THE stock going up in the first place. There’s also a real case for what could stop it, and we’ll get into that too, along with where the Micron stock outlook actually stands right now.
The MU stock closed at $920.95 on July 24, down $69.26, or 6.99%, from the previous close of $990.21, trading in a day’s range of $904.00 to $967.13. Overnight trading told a different story, with shares up $34.55, or 3.75%, to $955.50, a swing that shows just how jumpy this rally still is. The 52-week range sits between $103.38 and $1,255.00, market cap stands at $1.04 trillion, and the average one-year price target from analysts is $1,507.38, well above where the stock trades right now.
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