Micron (MU) Stock Surges 11% in a Week as Split Speculation and Apple News Converge
TLDR
- Micron stock hit $971.66 on Aug. 14 after dropping to $739 on July 29, a near 32% rebound
- MU gained 10.7% in the past week, its strongest weekly gain in over two months
- A 2026 stock split is possible but considered unlikely given the late stage of the year
- Apple’s talks with the U.S. government over memory procurement could act as a catalyst
- Commerce Secretary Howard Lutnick said the U.S. does not want Apple sourcing memory from Chinese manufacturers
Micron Technology stock has had a rollercoaster few weeks. After sinking to a closing low of $739 on July 29, MU has bounced back hard, closing at $971.66 on Aug. 14. That’s a near 32% move off the lows in just over two weeks.
The July drop was driven by a mix of factors: profit-taking, fears over cheaper AI models from China, rising competition, and concerns that memory makers could return to boom-and-bust cycles as supply catches up with AI-driven demand.
The stock gained 10.7% last week alone, its best weekly performance in more than two months, and is now sitting just below the $1,000 mark.
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