La vendita allo scoperto per Micron Technology dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Micron Technology. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Micron Technology (NASDAQ:MU) Azioni, Report sulle vendite allo scoperto

MICRON TECHNOLOGY INC

Micron Technology

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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Nvidia e Super Micro in forte crescita, Tesla ancora giù: ecco i titoli sotto i riflettori dopo l&#39;ultima seduta USA.

Nvidia, Micron, Super Micro, BP e Tesla: 5 titoli USA nel radar degli investitori

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Ecco cinque azioni statunitensi che potrebbero attirare l&#39;attenzione degli investitori questo giovedì: WBA, WS, AYI, MU e NKE.

5 azioni USA sotto i riflettori questo giovedì: WBA, WS, AYI, MU e NKE

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Il mercato si scalda: General Mills, Micron e altri titoli chiave da monitorare in giornata. Analisi e previsioni per le azioni più discusse.

General Mills, Micron e altre 3 azioni da tenere d&#39;occhio oggi

Micron Technology Inc

Blackrock MuniAssets Fund, Inc Common Stock

Blackrock Muniassets Fund Inc

iShares National Muni Bond ETF

Blackrock MuniHoldings California Quality Fund, Inc. Common Stock

BlackRock MuniHoldings California Quality Fund Inc

Direxion Daily MU Bear 1X Shares

Blackrock MuniHoldings Quality Fund II, Inc. Common Stock

BlackRock MuniHoldings Quality Fund II Inc

Paul Mueller Co

Mitsubishi UFJ Financial Group, Inc. Common Stock

Mitsubishi UFJ Financial Group Inc

Vanguard Green Investment Ltd Ordinary Shares

MARUHACHI HLDGS CO LTD by MARUHACHI HOLDINGS CO LTD.

BlackRock Municipal Income Fund Inc

Blackrock MuniHoldings New Jersey Quality Fund, Inc. Common Stock

BlackRock MuniHoldings New Jersey Quality Fund Inc

MARUWA UNYU KIKAN CO by MARUWA UNYU KIKAN CO LTD.

AZ-COM Maruwa Holdings Inc

MULIANG VIAGOO TECH by Muliang Viagoo Technology Inc.

Muliang Viagoo Technology Inc

GraniteShares 2x Long MU Daily ETF

Mullen Automotive Inc

Multichain - United States Dollar

MITON UK MICROCAP TR PLC by MITON UK MICROCAP TR PLC

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MUNDORO CAPITAL INC by Mundoro Capital, Inc.

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Vanguard New York Tax-Exempt Bond ETF Vanguard New York Tax-Exempt Bond ETF

M UP INC by M Up INC.

Murphy Oil Corp

Mural Oncology PLC

LIGHTSPEED DISCOVERIS INC by LIGHTSPEED DISCOVERIES INC.

Lightspeed Discoveries Inc

MUENCHENER RUEKVR GES SHS by Muenchener Rueckver Ges

Munchener Ruckversicherungs-Gesellschaft AG

MUENCHENER RE GP UNSP/ADR by Muenchener Rueckver Ges

Murchison Minerals Ltd

MURCHISON MINERALS LTD by Murchison Minerals Ltd.

MURRAY & ROB HLDGS ORD by Murray & Roberts Holdings Ltd.

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mStable USD - United States Dollar

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Muse Dao - United States Dollar

American Century Multisector Income ETF

Promino Nutritional Sciences Inc Ordinary Shares

PROMINO NTRITIONL SCIENCE by Promino Nutritional Sciences Inc.

Promino Nutritional Sciences Inc

MUSQ Global Music Industry Index ETF

Multi Solutions II Inc

Columbia Multi-Sector Municipal Income ETF

MUTUAL MERCHANT SVCS INC by Mutual Merchant Services, Inc.

MUTARES SE & CO by MUTARES SE & CO.

Direxion Daily MU Bull 2X Shares

MARUBUN CORP by Marubun Corp.

McEwen Inc

MUZHU MNG LTD by MUZHU MNG LTD

Mirrored United States Oil Fund

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), <a target="_blank" href="https://www.benzinga.com/topic/micron" rel="noreferrer noopener">a memory and storage solutions</a> provider, has seen its stock surge by over 42% year-to-date. This performance significantly outpaces the Nasdaq Composite&#8217;s and S&amp;P 500&#8217;s almost 6% returns.
The strong demand for its memory chips, particularly High-Bandwidth Memory (HBM), specifically HBM3E, has been a key driver. HBM3E is <a target="_blank" href="https://www.benzinga.com/25/03/44394665/microns-hbm3e-and-socamm-products-boost-ai-server-performance-partnering-with-nvidia" rel="noreferrer noopener">crucial for AI accelerators</a> like Graphics Processing Units (GPUs) or Application-Specific Integrated Circuits (ASICs). Micron&#8217;s HBM3E is a component in Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell and Rubin GPU lines and is also being supplied to other customers for use in GPUs and ASICs.
<h2 class="wp-block-heading">Favorable Market And Policy Environment</h2>
The recovery in the semiconductor market, coupled with efforts by the U.S. government to bolster the domestic semiconductor industry, has boosted chip companies&#8217; valuations. Micron has benefited from a recovery in memory chip pricing and reported increased sales in both data centers and consumer markets.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42657620/amd-and-micron-top-analyst-picks-for-ai-and-next-gen-tech-growth" rel="noreferrer noopener">AMD and Micron Are Top Analyst Picks for AI and Next-Gen Tech Growth</a>
<h2 class="wp-block-heading">Macroeconomic Tailwinds: &#8220;Big Beautiful Bill&#8221; And CHIPS Act</h2>
Recent macro events have further added value to the industry. On July 4, 2025, President Donald Trump announced the &#8220;Big Beautiful Bill,&#8221; which proposes to increase the <a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46239376/nvidia-intel-broadcom-micron-amd-and-other-chipmakers-stand-to-benefit-as-trumps-tax-bill-increases-incentives-to-make-semiconductors-in-us" rel="noreferrer noopener">semiconductor investment tax credit</a> from 25% to 30% through 2026.
This offers chipmakers an incentive to expand domestic manufacturing facilities. Furthermore, Trump established the United States Investment Accelerator within the Commerce Department via executive order, taking direct control of the CHIPS Act program and shifting its oversight from previous frameworks.
Despite his past criticism of the $39 billion in grants and up to $75 billion in loans under the CHIPS and Science Act, Trump is now promoting pro-chip policies through this new bill, which has passed the Senate and awaits House approval.
<h2 class="wp-block-heading">Micron&#8217;s Strategic U.S. Expansion</h2>
Micron has been pursuing its growth ambitions through substantial investments in the U.S. On June 12, Micron and the Trump Administration <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45906594/micron-and-trump-announce-200-billion-us-chip-expansion-plan-aiming-to-create-90k-jobs" rel="noreferrer noopener">unveiled plans</a> to invest approximately $200 billion in U.S. expansion.
This plan includes the development of two fabs in Idaho, up to four in New York, and the modernization of its existing Virginia plant. An additional $50 billion is earmarked for domestic research and development (R&amp;D) to support Micron&#8217;s leadership in memory technology.
Micron is committed to an extra $30 billion beyond its prior announcements, with new efforts specifically targeting HBM packaging and the construction of a second Dynamic Random Access Memory (DRAM) fab in Boise, Idaho.
This aims to boost production and reduce time to market. The company projects the creation of up to 90,000 direct and indirect jobs and intends to produce 40% of its DRAM in the U.S., co-locating Idaho fabs with R&amp;D operations for operational scale and speed.
Micron is eligible for up to $6.4 billion in CHIPS Act direct funding and Advanced Manufacturing and Innovation Competitiveness (AMIC). It has already finalized a $275 million grant to modernize its Virginia facility and onshore advanced DRAM nodes, crucial for critical sectors such as automotive, defense, and healthcare.
<h2 class="wp-block-heading">Financial Performance</h2>
On June 25, Micron reported <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand" rel="noreferrer noopener">third-quarter revenue </a>of $9.3 billion, up roughly 16% on a year-over-year basis, topping the consensus estimate of $8.87 billion. Micron expects fourth-quarter revenue of $10.7 billion, plus or minus $300 million, versus estimates of $9.88 billion. The company said it remains on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025.
<h2 class="wp-block-heading">Potential Risks And Challenges</h2>
However, Micron faces certain risks. Following the quarterly results, Micron CEO Sanjay Mehrotra <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/46111337/micron-ceo-cautions-ai-boom-may-not-be-fully-sustainable-flags-tariff-driven-demand-pull-in" rel="noreferrer noopener">cautioned that the recent AI-driven demand</a> might not be entirely sustainable, citing potential short-term distortions stemming from global trade tensions.
He warned investors about tariff-related order pull-ins, suggesting that some customers may have accelerated purchases to circumvent potential trade disruptions. While data center growth was strong in the third quarter, Mehrotra advised caution, indicating that the surge could be partly front-loaded and not fully indicative of steady long-term demand.
Bank of America&#8217;s Vivek Arya maintained a<a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46123124/micron-weak-pc-phone-demand-analyst" rel="noreferrer noopener"> cautious stance</a> on Micron due to ongoing weak demand in the PC and smartphone sectors, which continues to exert pressure on memory chip pricing despite the company&#8217;s earnings and outlook.
On July 8, rival Samsung (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) reported a 56% drop in <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46288786/us-export-bans-and-nvidia-supply-issues-crush-samsung-chip-profits-hopes-rest-on-ultra-thin-foldables-smartwatches-and-possible-xr-debut-at-galaxy-unpacked-event" rel="noreferrer noopener">second-quarter operating profit</a> to 4.6 trillion won (approximately $3.3 billion), falling short of expectations.
Samsung attributed this decline to inventory value adjustments and delays in HBM chip shipments to Nvidia, noting that U.S. export restrictions on AI chips to China heavily impacted its semiconductor business. This marked Samsung&#8217;s weakest profit in six quarters, a decline from 10.4 trillion won a year earlier.
<h2 class="wp-block-heading">Analyst Outlook</h2>
Twenty-six analysts have set a <a target="_blank" href="https://www.benzinga.com/quote/MU/analyst-ratings" rel="noreferrer noopener">consensus price target</a> of $149.77 for Micron. Based on the latest ratings from Baird, Susquehanna, and Stifel, the stock carries an average target of $168.33, suggesting a potential upside of 38.49%.
Price Action: MU stock is trading higher by 1.34% to $121.53 premarket at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/global/25/05/45570606/asml-bets-big-on-high-powered-chip-tools-as-taiwan-semiconductor-intel-micron-line-up" target="_blank" rel="noreferrer noopener">ASML Bets Big On High-Powered Chip Tools As Taiwan Semiconductor, Intel, Micron Line Up</a></li>
</ul>
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Movers

Tech

SSNLF

Micron Stock Soars 42% In 2025, But CEO Warns Of Demand Pull-Ins

WIIM

INTC

MRVL

QCOM

Shares of semiconductor and chip stocks are trading lower amid possible trade tensions. It was reported the US is planning to restrict shipments of AI chips to Malaysia and Thailand over China concerns. Additionally, President Trump announced tariffs on Japan and Korea imports.

I just wrapped up a deep dive into what I'm calling the "real report card" for 2025 so far…and the results might surprise you.
Some tech names are ripping, while others are getting absolutely crushed. I'm talking over 100% rebounds on stocks like Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and nearly 50% haircuts on household names like Lululemon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>).
So today, I want to break down exactly what's leading and what&#8217;s lagging as we enter the second half of the year, how I'm trading both sides of the tape using simple, strategic spreads and why I think the biggest opportunities right now lie in playing both ends of the market.
<h2 class="wp-block-heading">60% Off Benzinga Pro &#8211; July 4th Week Only</h2>
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Let&#8217;s start with what&#8217;s working.
I ran my latest scans across the top 425 most liquid optionable stocks (out of tens of thousands) to see who is sitting at their year-to-date highs and who is sitting at the lows.
The winners? They're almost all in tech and exchanges.
Micron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Cisco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Paramount (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) and Coinbase are all trading at or near their 25-week highs, and they're telling a clear story about where strength is showing up in this market.
We've got semiconductors, legacy tech, disruptive fintech, crypto infrastructure and streaming media all making the list.
That's not random.
MU and CSCO represent two ends of the tech spectrum—one a chipmaker riding the AI and memory boom, the other a networking heavyweight benefiting from increased infrastructure spend. Both are showing signs of quiet accumulation.
HOOD and COIN are riding the same tailwind: a resurgence in retail interest and the rebound in crypto. COIN, in particular, has been a standout. It's already doubled since bottoming out in early April, making it one of the biggest comeback stories in the market right now. That kind of V-shaped move tells me institutional money is quietly stepping back in.
And then there's Paramount. With ongoing rumors and a push toward streaming consolidation, PARA has become a speculative favorite in certain corners of the market.
Now, when you zoom out and look at this group as a whole, there's a clear theme: Capital is flowing back into high-leverage, high-beta names—but it's doing so selectively. This isn't a broad-based rally. It's precise. And it's rotating into names with clear catalysts, strong relative strength and just enough volatility to make the options worth trading.
That's exactly the type of setup I look for.
It's the kind of strength that doesn't happen by accident, the kind that has real momentum behind the crypto comeback. And COIN is acting as a high-beta proxy for Bitcoin itself.
So, let's talk strategy.
When I pulled this data, COIN was trading around $309. The August 310 calls were going for about $31, roughly 10% of the stock price. That&#8217;s a bit rich for a single-leg call.
So, how do we lower cost and risk?
By structuring a call spread. For example, buying the 310 and selling the 320 call could be done for around $5. That cuts your risk nearly in half and sets up a clean 1:1 reward-to-risk ratio if COIN climbs another 10 points. And if you prefer something more aggressive? Using the 330 and 340 calls in this spread instead could cost you as little as $3 and up to $7 in potential upside (although you&#8217;d need a bigger move to get there).
That's how we use the market's pricing inefficiencies to our advantage. But what about the losers?
Tilray (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Lululemon and Luminar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) are sitting at the bottom of the pile, each trading at or near their 25-week lows. And while names like Tilray are already so beaten down that further downside may be limited, LULU caught my eye.
This is still an expensive stock, with real room to fall.
After a rough series of earnings, LULU has slipped from over $420 earlier this year to around $227. Even with better-than-expected numbers, the stock has struggled to recover, and that's not a good sign.
So, how do we position ourselves for further weakness?
The 225 puts are going for about $8. But opening a 225/220 put spread would only cost a little over $2. That caps risk, improves breakeven, and still leaves the door open for a potential double.
We'll soon take a deeper dive into the best trading strategies of the year. But first, I wanted to give you an example of the power in blocking out the noise of the 24/7 news cycle – and understanding what the market is really doing beneath the surface.
Whether it's a tech breakout like Coinbase or a weak rebound like Lululemon, the opportunities are there—you just need to know where to look and how to trade them smartly.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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How I'm Trading 2025's Biggest Winners And Losers

MANISH BHATIA, EVP at Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), disclosed an insider sell on July 2, according to a recent SEC filing.
What Happened: BHATIA's recent move involves selling 80,000 shares of Micron Technology. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000723125/000156218025005267//Archives/edgar/data/723125/000156218025005267/0001562180-25-005267-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value is $9,852,800.
Monitoring the market, Micron Technology's shares up by 0.45% at $122.29 during Thursday's morning.
<h3>All You Need to Know About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
<h3>Financial Milestones: Micron Technology's Journey</h3>
Positive Revenue Trend: Examining Micron Technology's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 36.56% as of 31 May, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 37.72%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Micron Technology's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.69.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.32, caution is advised due to increased financial risk.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 21.78 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.05, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 8.67 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000723125">Check Out The Full List Of Micron Technology's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Micron Technology EVP Sold $9.85M In Company Stock

Chipmakers are likely to benefit from the &#8216;One Big Beautiful Bill Act&#8217; passed by the Senate on Tuesday, as they will be eligible for an investment tax credit that can incentivize the semiconductor business.
What Happened: According to the provisions of the tax cut bill proposed by President Donald Trump, the Big Beautiful Bill aims to temporarily increase an investment tax credit for semiconductor manufacturers till the end of 2026.
It would raise the tax credit to 30% of investments in manufacturing facilities, from the current 25%, providing stronger incentives for companies to expand domestic production.
Trump was initially critical of the Chips and Science Act, which granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies, as per the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>.
However, Trump set up a new entity, the <a href="https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more">United States Investment Accelerator</a>, within the Commerce Department, which now oversees the CHIPS Act program, as established by an executive order signed by him. 
The Big Beautiful Bill has now gone back to the House after<a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house"> narrowly passing in the Senate</a>, before the President could finally sign it to make it into a law. 
These are the top chipmakers and the existing beneficiaries of the Chips Act that will benefit from this investment tax credit mentioned within the tax cut bill.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>13.69%</td>
<td>22.58%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>16.35%</td>
<td>56.08%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>5.65%</td>
<td>-20.36%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>14.83%</td>
<td>-15.49%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>15.95%</td>
<td>-21.91%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>2.35%</td>
<td>11.34%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>15.32%</td>
<td>8.37%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>39.40%</td>
<td>-11.02%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>28.62%</td>
<td>-21.82%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>15.99%</td>
<td>6.58%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-12.16%</td>
<td>19.63%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>12.87%</td>
<td>37.22%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-11.08%</td>
<td>-38.54%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-6.90%</td>
<td>-22.05%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: On March 4, during his joint address to Congress, Trump said, "Your Chips Act is a horrible, horrible thing."
He also urged U.S. House Speaker Mike Johnson to "get rid" of it and use "whatever is left over" to "reduce debt or any other reason you want to."
However, the Trump administration has skipped repealing the act with the Investment Accelerator entity and even managed to get the semiconductor firms to invest in the U.S. over and above the Chips Act this year.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) revealed its plans to inject $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative under the Chips Act and bringing total investment to $165 billion.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech">committed over $500 billion</a> to U.S. investments, focusing on AI, silicon engineering, and expanding advanced manufacturing. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, edged higher on Wednesday. The SPY was up 0.45% at $620.45, while the QQQ advanced 0.70% to $550.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">Dan Ives Urges Apple &#8216;To Make A Move,&#8217; Saying That Perplexity Acquisition Is &#8216;A No-Brainer&#8217;: &#8216;It&#8217;s A Matter Of When And Not If&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

AAPL

AMAT

AVGO

COHR

ENTG

MCHP

Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump's Tax Bill Increases Incentives To Make Semiconductors In US

As a rule of thumb, exceeding financial estimates usually generates investor excitement. Unfortunately, that wasn't the case for software developer GitLab, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>). For the <a href="https://www.benzinga.com/markets/earnings/25/06/45872191/gitlab-stock-drops-after-q1-report-q2-revenue-guidance-below-estimate">first quarter of fiscal 2026</a>, GitLab posted earnings per share of 17 cents, beating the consensus view of 15 cents. Further, revenue landed at $214.51 million, beating estimates calling for $213.16 million. Still, GTLB stock slipped hard after the results, which were disclosed in June.
Unfortunately, investors took a dim view of the updated guidance for the second quarter. Although GitLab sees adjusted second-quarter EPS landing between 16 cents and 17 cents (compared to the 16-cent estimate), management revealed that revenue may land between $226 million and $227 million. This range conspicuously dipped below Wall Street's expectation of $227.16 million.
Still, the leadership team emphasized the value of its core business. GitLab specializes in a field known as DevSecOps, a combination of development, security and operations. Specifically, the company simplifies software delivery by combining hosting, CI/CD (continuous integration and continuous deployment), security and project management into one seamless platform. Further, GitLab integrates artificial intelligence into this platform, enhancing productivity and security.
"First quarter fiscal year 2026 results underscore the power of our AI-native DevSecOps platform to help customers deliver mission-critical software. We're giving every developer the AI-driven edge they need to innovate faster and more efficiently," said Bill Staples, GitLab CEO.
It's also worth pointing out that, despite last month's volatility in GTLB stock, Wall Street analysts <a href="https://www.benzinga.com/news/25/06/45883069/gitlab-analysts-slash-their-forecasts-after-q1-results">still anticipate robust capital gains</a>. True, several experts — while maintaining their assessments of the company — lowered their price forecasts. Still, even some of the more modest targets imply about a 15% lift from current prices.
<h2 class="wp-block-heading">Leveraging Applied Game Theory To Decipher A Strategy For GTLB Stock</h2>
Although fundamental narratives provide important color and context, they lack specificity. The brutal truth is that no one really cares what anyone thinks about a particular news item. Ultimately, the only thing that matters is whether investors as a collective whole decided to buy the security in question or not. That's why, in the past few months, I've been focused on market breadth or sequences of accumulative and distributive sessions.
As I mentioned in yesterday's Options Corner column featuring Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), blackjack strategies — namely card counting — <a href="https://www.benzinga.com/markets/options/25/07/46206692/mu-stock-traders-dealt-statistical-hand-worth-playing">provide an insightful mechanism</a> for forecasting potential stock price movements. Card counting falls under the broad category of applied game theory, which is essentially the strategic use of probabilities to make decisions in competitive environments where outcomes depend on both uncertainty and the actions of others.
Professional blackjack players keep a running count of the cards that have been dealt according to a system that separates individual cards into three categories: negative value, neutral value, positive value. In short, the idea is to bet big when the odds favor the player and to bet small when the odds favor the dealer.
However, in order to empirically justify the larger wager, the player must calculate two types of probabilities: derivative and conditional. The former establishes the baseline odds for the player, also known as the Gaussian framework. The latter is tied to a Markovian framework, which represents the odds tied to a specific hand or circumstance.
Now, it's possible to transfer card-counting strategies to provide a forecast for GTLB stock or any other security. However, a common approach — as was demonstrated by this research <a href="https://www.diva-portal.org/smash/get/diva2:1823899/FULLTEXT01.pdf">paper</a> from the KTH Royal Institute of Technology — is to focus on price or its derivatives. In my opinion, this approach creates distortions and does not stay true to core Markovian principles.
Instead, the focus should be on discrete states, which is where market breadth comes in. As a representation of demand, market breadth is effectively binary. Subsequently, it's easier to identify distinct behavioral states, and more importantly, the likelihood of one state transitioning to another.
Regarding GTLB stock, it is currently printing a "3-7-D" sequence: three up weeks, seven down weeks, with a negative trajectory across the 10-week period. Admittedly, converting price action into market breadth compresses GTLB's magnitude dynamism into a simple binary code. But the benefit is that demand profiles can be categorized and quantified, laying the foundation for conditional probabilistic analysis.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02151129/GTLB-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-971001" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02151129/GTLB-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02151129/GTLB-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02151129/GTLB-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02151129/GTLB-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
Notably, the 3-7-D sequence has flashed 21 times since January 2019. In 61.9% of cases, the price action for the following week (which corresponds to the business week beginning July 7) results in upside, with a median return of 7.04%.
Assuming that GTLB closes this week at $45, it could potentially rise to above $48 quickly (within a week or two).
<h2 class="wp-block-heading">A Tempting Offer On The Table</h2>
Given the market intelligence above, arguably the most tempting offer on the table is the 45/47 bull call spread expiring July 25. This transaction involves buying the $45 call and simultaneously selling the $47 call, for a net debit paid of $90 (the most that can be lost in the trade). Should GTLB stock rise through the short strike price ($47) at expiration, the maximum reward is $110, a payout of over 122%.
Primarily, this trade is attractive because of the implied shift in sentiment regime. Ordinarily, GTLB stock suffers from a negative bias. As a baseline, the chance that it will rise on any given week is only 48.21%. However, the distribution-heavy 3-7-D sequence statistically inspires buy-the-dip sentiments. Therefore, while the Gaussian hand may be lousy, the Markovian hand is compelling.
To be clear, the stock market is an open system, meaning that outside influencers can enter the paradigm and disrupt it. The best models in the world cannot account for the infinite variables that open systems can impose. That said, using applied game theory under an authentic Markovian framework can help empirically guide your trading ideas.
The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/options/25/07/46206692/mu-stock-traders-dealt-statistical-hand-worth-playing">Options Corner: Micron Traders Are Dealt A Statistical Hand Worth Playing</a></li>
</ul>
Photo: Shutterstock

Earnings

Long Ideas

Options

GTLB

Options Corner: GitLab Could Offer Traders A Tactical Edge Through Applied Game Theory

Revealing a significant insider sell on July 1, Sumit Sadana, EVP and Chief Business Officer at Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), as per the latest SEC filing.
What Happened: Sadana's decision to sell 92,638 shares of Micron Technology was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000723125/000156218025005208//Archives/edgar/data/723125/000156218025005208/0001562180-25-005208-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $11,625,142.
In the Wednesday's morning session, Micron Technology's shares are currently trading at $120.48, experiencing a down of 0.34%.
<h3>Unveiling the Story Behind Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
<h3>Micron Technology's Economic Impact: An Analysis</h3>
Revenue Growth: Micron Technology's revenue growth over a period of 3 months has been noteworthy. As of 31 May, 2025, the company achieved a revenue growth rate of approximately 36.56%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 37.72%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Micron Technology's EPS is below the industry average. The company faced challenges with a current EPS of 1.69. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Micron Technology's debt-to-equity ratio surpasses industry norms, standing at 0.32. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 21.78 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.05, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 8.67, Micron Technology's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000723125">Check Out The Full List Of Micron Technology's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Micron Technology EVP and Chief Business Officer Sold $11.63M In Company Stock

Last week, semiconductor giant Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) released its <a href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand">financial results for the third quarter</a> of fiscal 2025, to bullish investors' delight. Revenue landed at $9.3 billion, easily beating the consensus estimate of $8.87 billion. Further, the company smoked Wall Street's estimate for earnings per share of $1.60 by delivering an adjusted print of $1.91. Of course, the "problem" here for MU stock is that the good news is now baked in.
However, Tuesday's price action likely had speculators thinking. In the afternoon session, MU stock found itself down about 2%. That's not a particularly enticing discount if you're playing the long game. However, if you're exclusively focused on the short game — specifically through options trading — a 2% move can be an enticing event. That's because options essentially represent a market for the market, where lower-cost premiums provide enhanced leverage.
Naturally, there's a risk in bidding up a security that has already had a strong run on well-known catalysts. Still, there's fundamental evidence that the latest dip in MU stock could be temporary. First, according to the National Institute of Standards and Technology, Micron is the <a href="https://www.nist.gov/news-events/news/2025/06/president-trump-secures-200b-investment-micron-technology-memory-chip#:~:text=Micron%20is%20the%20only%20U.S.,overseas%2C%20primarily%20in%20East%20Asia.">only</a> U.S.-based manufacturer of advanced memory chips. This fact makes the semiconductor specialist strategically important, aligning with President Donald Trump's <a href="https://www.benzinga.com/markets/equities/25/06/45740017/tsmc-ceo-tells-trump-100-billion-us-chip-expansion-will-take-time-amid-tariff-pressures-surging-ai-demand">efforts to promote U.S. leadership in tech</a>.
Most importantly, Micron is straight-up critical for the deployment of artificial intelligence. As a specialist in manufacturing memory and storage chips — specifically DRAM and NAND flash — the company plays a vital role in AI infrastructure. Given that machine intelligence and its subsets are <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46079632/bofa-sees-155-billion-agentic-ai-boom-by-2030-spotlights-microsoft-salesforce-and-others">forecasted to see stratospheric growth</a>, Micron operates on very fertile ground.
Subsequently, while there's a risk that MU stock could fall back on prior support levels at $100, there's also a fundamental case that the latest splashing of red ink could be ephemeral.
<h2 class="wp-block-heading">Using Blackjack To Solidify A Bullish Strategy For MU Stock</h2>
Now, as much as one may sift through the fundamentals or draw endless scribbles on the technical chart, the harsh reality is that both approaches lack specificity. Options traders require a thesis to cover not only the magnitude component (x-axis) of an asset but also the time element (y-axis). Being right on one and missing on the other leads to a busted transaction.
To improve the odds of success, we can take a page out of the blackjack playbook, specifically the concept of card counting. Professional blackjack players will keep a running count (in their heads of course) of the ratio between high cards and low cards that have already been played. The idea is to bet large when the odds favor the better and bet minimally when the odds favor the dealer.
However, in order to establish the advantage and the magnitude of said advantage, the blackjack player must calculate two types of probabilities: derivative and conditional. Derivative probabilities establish the baseline odds for the player, otherwise known as the <a href="https://www.asc.ohio-state.edu/gan.1/teaching/spring04/Chapter3.pdf">Gaussian</a> framework. But when given a particular hand, the player applies conditional probabilities, or a <a href="https://www.stat.cmu.edu/~cshalizi/754/notes/lecture-09.pdf">Markovian</a> framework, to understand whether that hand provides an advantage over baseline.
Still, this is where I would estimate that 99.99% of financial experts get tripped up: conditional probabilities cannot be calculated using continuous scalar signals. There's a reason why card counters separate individual cards into only three categories: negative value, neutral value, positive value.
Only by converting scalar signals into discrete events can we transition from Gaussian principles to the all-important Markovian principles. That's the core reason why I no longer look at price but at market breadth or sequences of accumulative and distributive sessions.
At the moment, the trailing two months of price action for MU stock can be converted as a "7-3-U" sequence: seven up weeks, three down weeks, with a positive trajectory across the 10-week period. Similar to a blackjack player, I don't care what the individual card number or price is; I just need to know whether the market made a decision to buy or to sell.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01150414/MU-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-969209" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01150414/MU-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01150414/MU-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01150414/MU-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01150414/MU-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
By converting MU's price discovery process into (predominantly) binary sequences, we can identify that since January 2019, the stock flashed the 7-3-U sequence 27 times. In 62.96% of cases, the following week's price action results in upside, with a median return of 2.19%.
Based on past analogs, if the bulls maintain control of the market for the next three weeks, MU stock could potentially push toward the $125 level.
<h2 class="wp-block-heading">Taking What The Dealer Will Give</h2>
Based on the hand that we've been dealt, I'm intrigued by the 122/124 bull call spread expiring July 25. This transaction involves buying the $122 call and simultaneously selling the $124 call, for a net debit paid of $95, the most that can be lost in the trade. Should MU stock rise through the short strike price at expiration, the maximum reward is $105, a payout of roughly 111%.
With the above trade, you have about four weeks for the bullish thesis to pan out, giving you a cushion to account for the chaos inherent in open systems. Just as importantly, the Markovian edge gives you a statistical advantage over the Gaussian distribution. As a baseline, the chance that MU stock will rise on any given week is only 51.18%.
To be clear, we're still dealing with probabilities, not certainties. Further, the stock market's open system means that random, unpredictable events can always disrupt the paradigm from expected norms. No model can fully account for this chaos. However, most options calculators are based purely off Gaussian principles, making them aesthetically beautiful but functionally worthless. By converting to Markovian frameworks, we give ourselves a fighting chance.
The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/options/25/06/46180165/paas-stock-silver-demand-reassess-market-risk">Options Corner: Pan American Silver May Shine Again As The Market Reassesses Risk</a></li>
</ul>
Photo: Shutterstock

Options Corner: Micron Traders Are Dealt A Statistical Hand Worth Playing

Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 41%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $259,433, and 12 are calls, for a total amount of $686,686.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $130.0 for Micron Technology during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Micron Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology's substantial trades, within a strike price spectrum from $60.0 to $130.0 over the preceding 30 days.
<h3>Micron Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751378442_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$6.35</td>
<td>$6.15</td>
<td>$6.35</td>
<td>$125.00</td>
<td>$107.9K</td>
<td>6.3K</td>
<td>172</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$2.8</td>
<td>$2.75</td>
<td>$2.8</td>
<td>$120.00</td>
<td>$100.6K</td>
<td>7.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$21.1</td>
<td>$20.85</td>
<td>$20.85</td>
<td>$130.00</td>
<td>$87.5K</td>
<td>2.5K</td>
<td>42</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$4.0</td>
<td>$3.95</td>
<td>$3.95</td>
<td>$110.00</td>
<td>$74.6K</td>
<td>5.5K</td>
<td>193</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$39.5</td>
<td>$36.45</td>
<td>$37.05</td>
<td>$130.00</td>
<td>$74.1K</td>
<td>350</td>
<td>27</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company's own performance.
<h3>Micron Technology's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,493,051, the price of MU is down by -0.92%, reaching $122.12.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 85 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Micron Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $157.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Susquehanna persists with their Positive rating on Micron Technology, maintaining a target price of $160. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Micron Technology, which currently sits at a price target of $135. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Micron Technology with a target price of $150. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Micron Technology, maintaining a target price of $140. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Micron Technology with a target price of $200. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With Micron Technology

U.S. stocks settled higher on Friday, with the S&amp;P 500 surging to fresh records during the session as investors responded to easing trade tensions and geopolitical risks with robust buying.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Patrick Moley
<ul class="wp-block-list">
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Assumed coverage on Block, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) with an Underweight rating and a price target of $50 on June 24. This analyst sees around 26% downside in the stock.</li>
<li>Recent News: On June 12, Bambu Dessert Drinks announced a comprehensive technology partnership with Square.</li>
</ul>
Analyst: Yi Fu Lee
<ul class="wp-block-list">
<li>Analyst Firm: Cantor Fitzgerald</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated an Overweight rating on Domo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) with a price target of $17 on June 25. This analyst sees around 20% surge in the stock.</li>
<li>Recent News: On June 26, Domo announced an expanded collaboration with Snowflake to deliver a comprehensive suite of applications on Snowflake Marketplace.</li>
</ul>
Analyst: Leo Mariani 
<ul class="wp-block-list">
<li>Analyst Firm: Roth Capital</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Initiated coverage on EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) with a Buy rating and a price target of $69 on June 24. This analyst sees around 19% upside in the stock.</li>
<li>Recent News: On April 22, EQT posted upbeat quarterly earnings.</li>
</ul>
Analyst: Josh Sullivan
<ul class="wp-block-list">
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Buy rating on Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) and increased the price target from $40 to $48 on June 23. This analyst sees around 4% upside in the stock.</li>
<li>Recent News: On June 30, Kratos Defense &amp; Security Solutions announced the completion of public offering of $575 million of common stock at $38.50 per share.</li>
</ul>
Analyst: Aaron Rakers
<ul class="wp-block-list">
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) and raised the price target from $150 to $170 on June 26. This analyst sees around 37% upside in the stock.</li>
<li>Recent News: On June 25, Micron reported better-than-expected third-quarter EPS and sales and issued strong fourth-quarter guidance.</li>
</ul>
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46136470/jim-cramer-just-revealed-1-oil-stock-he-actually-wants-to-own">Jim Cramer Just Revealed 1 Oil Stock He Actually Wants To Own</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

DOMO

KTOS

5 Stocks In The Spotlight:  Wall Street's Most Accurate Analysts Weigh In

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Wall Street surged this week as easing geopolitics and a potential pause in U.S.-China tariffs lifted sentiment. The S&amp;P 500 and Nasdaq hit record highs, boosted significantly by Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), whose stock jumped by about 10% to record its highest valuation — $3.8 trillion — overtaking Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) as the world's most valuable company
The tech rally reflected strong earnings from Nvidia's AI-centric chip business and supplier Micron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), while broader market gains were bolstered by renewed risk appetite in equities.
Next week, investors will track the June jobs report, rhetoric on tariffs — including the July 8 "Liberation Day" deadline — and upcoming July 4 tax‑and‑spending legislative actions that could influence rates and yields.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/markets/tech/25/06/46081553/nvidias-jensen-huang-sparks-quantum-stock-frenzy">"Nvidia's Big Moment Is Back—Stock Soared 500% The Last Time This Happened"</a>, by Piero Cingari, reports that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is forming a bullish golden cross — a 50-day moving average crossing above the 200‑day — after recovering from earlier tariff-induced weakness, which historically has preceded massive rallies, with gains as high as 800%, fueled by easing U.S.-China trade tensions and strong earnings.
<a href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand">"Micron Q3 earnings: Revenue, EPS beat estimates as data center revenue doubles, strong guidance on rising AI‑driven demand"</a>, by Adam Eckert, reports that Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) delivered a strong Q3 with $9.3 billion in revenue (beating $8.87 billion estimates) and $1.91 adjusted EPS (versus $1.60 expected); data-center revenue more than doubled, and the company forecast Q4 revenue of $10.7 billion and EPS of $2.50 amid surging AI memory demand.
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098312/palantir-stock-hits-all-time-high-whats-going-on">"Palantir stock hits all‑time high: what's going on?"</a>, by Adam Eckert, reports that Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares reached record highs — up roughly 500% over the past year and 93% year-to-date — driven by strong momentum (Benzinga Pro momentum score of 99), surging AI and government contracts including a $795 million U.S. Army deal, and positive Wall Street sentiment such as Loop Capital's raised price target.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/earnings/25/06/46084802/blackberry-stock-climbs-after-better-than-expected-q1-report-details">BlackBerry Stock Climbs After Better-Than-Expected Q1 Report: Details</a>
<a href="https://www.benzinga.com/markets/commodities/25/06/46120819/platinum-miners-forecasts-stocks">Platinum's Biggest Rally In 40 Years: These 6 Mining Stocks Could Be Top Gainers</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46129177/pony-ai-stock-pops-on-report-uber-is-in-talks-with-travis-kalanick-to-invest-in-potential-deal">Pony AI Stock Pops On Report Uber Is In Talks With Travis Kalanick To Invest In Potential Deal</a>

The Bears
<a href="https://www.benzinga.com/trading-ideas/technicals/25/06/46080036/hims-crashes-on-novo-glp-1-fallout-buy-the-dip-or-bail">"HIMS crashes on Novo GLP‑1 fallout: buy‑the‑dip or bail?"</a>, by Surbhi Jain, reports that Hims &amp; Hers Health Inc. (NYSE: HIMS) shares plunged 34% after Novo Nordisk (NYSE: NVO) ended their partnership over claims of unapproved Wegovy compounding, with analysts warning that legal risk and lofty valuation may outweigh oversold technicals.
<a href="https://www.benzinga.com/news/health-care/25/06/46116103/altimmune-stock-sinks-after-mid-stage-data-from-fatty-liver-candidate">"Altimmune stock sinks after mid‑stage data from fatty liver candidate"</a>, by Vandana Singh, reports that Altimmune Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALT#NASDAQ">ALT</a>) shares plunged after its Phase 2b trial showed pemvidutide resolved MASH in over half of treated patients (59.1% at 1.2 mg and 52.1% at 1.8 mg) with significant liver‑fat reduction, but missed the fibrosis endpoint — prompting broad investor concern.
<a href="https://www.benzinga.com/news/space/25/06/46055895/ast-spacemobile-stock-downgraded-rocket-lab-prepares-electron-launch-space-stock-countdown">"AST SpaceMobile stock downgraded, Rocket Lab prepares Electron launch: Space stock countdown"</a>, by Erica Kollmann, reports that AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) was downgraded by Scotiabank to Sector Perform with a $45.40 target, even as Rocket Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gears up for another Electron launch — factors highlighting heightened volatility in space stocks.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/earnings/25/06/46083155/aerovironment-stock-sinks-despite-better-than-expected-q4-report-heres-why">AeroVironment Stock Sinks Despite Better-Than-Expected Q4 Report: Here's Why</a>
<a href="https://www.benzinga.com/markets/earnings/25/06/46128371/concentrix-stock-slips-after-mixed-q2-results-details">Concentrix Stock Slips After Mixed Q2 Results: Details</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46118143/unity-software-stock-is-sliding-today-whats-going-on">Unity Software Stock Is Sliding Today: What's Going On?</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

ASTS

CNXC

Hims & Hers Health, Inc. Class A Common Stock

HIMS

MSFT

PLTR

PONY

RKLB

Benzinga Bulls And Bears: Nvidia, Micron, HIMS — And Markets Soar On Mideast And Tariff Relief

Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 15 years by 7.12% on an annualized basis producing an average annual return of 19.8%. Currently, Micron Technology has a market capitalization of $140.36 billion. 
Buying $100 In MU: If an investor had bought $100 of MU stock 15 years ago, it would be worth $1,525.78 today based on a price of $125.42 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751040014_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

Markets have continued to grind upward despite the short-lived Israel-Iran war, the <a href="https://www.benzinga.com/personal-finance/management/25/06/46011739/jerome-powell-led-fed-has-left-interest-rate-unchanged-what-does-it-mean-for-savings-mortgages-credit-cards-and-your-bank-account">Fed&#8217;s pause</a> on interest rate cuts and what feels like seemingly bearish headlines every day.
With stocks determined to keep climbing, albeit slowly, I looked for a company that will have strength going forward, and landed on semiconductor giant Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
With the chip and AI rally showing no signs of slowing down, <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46121658/micron-impresses-wall-street-with-strong-q3-earnings-continued-strength-in-ai-data-center">Micron</a> seems set to benefit. At the same time, the stock has not been rising as astronomically fast as some other chip competitors, at least not yet.
That&#8217;s a very good thing for the trade I have in mind today.
<h2 class="wp-block-heading">How The Pros Are Trading Strength Into Q3 — Live Tuesday</h2>
Most traders chase headlines. The pros focus on trends that last. This Tuesday at 6 PM ET, see how Tim Melvin, Ryan Faloona, and Anne-Marie Baiynd are using market strength, momentum signals, and long-term setups to stay ahead of the next big move. Their tactics are precise and built for this market. Register <a href="https://benzinga.zoom.us/webinar/register/WN_OJ2FBspHSJSSVNlW8zGapw/?">HERE</a> while limited seats are still available.
Here&#8217;s a simple trade to help boost your returns on Micron.
The trade I have in mind is a leap covered call. A leap is an options position that expires well into the future, usually after one year or more. For us today, we&#8217;ll be using options that expire in June 2026.
A covered call, meanwhile, involves owning the underlying stock (Micron, in this case) while at the same time selling calls on that stock to collect premiums.
The selling of the call option well into the future allows the trader to hold the stock at a discount and if the stock continues to rise, the call option can be covered and a new option opened against the stock (commonly called rolling the strike) to continue to both hold the stock and collect more revenue as time moves forward and the stock continues to climb.
If the stock fades, we have a solid cushion of profit the short call provides.&nbsp;
As I&#8217;m writing this, Micron&#8217;s relative resistance zone is around $157, while support sits near $95. Because of that, here&#8217;s how I&#8217;m structuring this Micron covered call:
<ul class="wp-block-list">
<li>Buy 100 shares of MU – price at this writing is $127.25 per share</li>
<li>Sell to Open 1 MU 18 Jun 2026 130 calls – currently priced at $24.50 </li>
</ul>
The breakeven prices of the stock at expiration on this trade is calculated by subtracting the credit received against the cost of the stock = $12,725 &#8211; $2,450 =$10,275, less commissions. This implies the actual cost of each share would be reduced to $102.75, a 20% discount.&nbsp;
The possible ways to leave the trade are:
<ol class="wp-block-list">
<li>Hold the stock and the option until expiration of June, 2026. If the price of the stock is above $130, the trader will relinquish the stock at $130 collecting the difference between the actual cost of the shares ($102.75 and the $130 strike price = $130 -$102.75 = $27.25 less commissions or 26 % return). </li>
<li>Set an alert for $102.75 – the breakeven price. Sell the entire position if your risk thresholds are breached. </li>
</ol>
A trader who is bullish on Micron might say that you should sell the calls much further out of the money &#8211; that is, with a much higher strike price. That&#8217;s true, but if the market has any significant retracements, selling the strike at the money provides a tidy cushion of support while still buying the stock for potential upside.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

This Week's Best Chip Stock Trade: Micron Technology

Macro Economic Events

Market Summary

Economics

General

Benzinga Market Summary: S&P Nears Record, Micron Beats Earnings Estimates But Stock Pulls Back, US Dollar Index Declines

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is trading lower on Thursday. The company reported <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46117713/whats-going-on-with-micron-stock-thursday">third-quarter earnings</a> with adjusted earnings per share of $1.91. This was well ahead of the consensus estimates of $1.60.
There are two key resistance levels that traders are watching. This is why it is the Stock of the Day.
As you can see on the chart, Micron had a significant sell-off last June. The selling paused around $130 in early July. There was a large amount of buying interest at this price. There were more than enough buy orders to fill all of the sell orders, so the move lower halted.
But after a few weeks, this support broke and the shares dropped below it.
When this happened, many of the people who bought shares decided that doing so was a mistake. They made up their minds to hold onto their losing positions.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="595" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26131433/Micron2025-1024x595.png" alt="" class="wp-image-963704" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26131433/Micron2025-1024x595.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26131433/Micron2025-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26131433/Micron2025-768x446.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26131433/Micron2025.png 1405w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/markets/economic-data/25/06/46115112/ai-panic-feels-like-2008-global-financial-crisis-all-over-again-shapiro-says-as-retail-sales-plunge-4">AI Panic Feels Like 2008 Global Financial Crisis All Over Again, Shapiro Says As Retail Sales Plunge 4%</a>
But they also decided to sell if the stock ever got back to their buy price. This would allow them to exit their positions at breakeven. So now that the stock has returned to this level, these unhappy buyers are placing sell orders.
The large concentration of these orders has created resistance at a former bottom.
Another level that traders are watching is around $156. This level was a former top in June. Just like there can be resistance at former bottoms, there can also be resistance at former tops.
It happens for the same reason.
There are people who bought Micron right at the peak in June. When the price dropped, some of them experienced regret. Many of these regretful buyers vowed to sell their shares if the stock eventually returned to the same price they paid.
As a result, if Micron breaks the current resistance around $130 and rallies back to $156, they will place sell orders. If there is a large enough number of these orders, it can create resistance around the same price that had been a peak.
Sometimes traders have difficulty deciding where to sell a stock. But if it gets to a price that had previously been a peak or a bottom, there is a good chance it hits resistance. These could be logical levels to exit a position.
Read Next: • <a href="https://www.benzinga.com/news/25/06/46115346/trump-powell-fed-chairman-odds-dollar">Micron Impresses Wall Street With Strong Q3 Earnings, &#8216;Continued Strength In AI Data Center&#8217;</a>
Photo: Shutterstock

Technicals

Stock Of The Day: Is This The Top On Micron?

Muted PC and phone demand continues to weigh on memory chip pricing, prompting Bank of America Securities to maintain a Neutral rating on Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), even as the company posts blowout earnings and bullish guidance.
Analyst Vivek Arya maintained Micron Technology with a Neutral and <a href="https://www.benzinga.com/quote/MU/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price target</a> from $84 to $140 on Thursday.
Micron reported <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand" rel="noreferrer noopener">third-quarter revenue</a> of $9.3 billion, up roughly 16%, topping the&nbsp;consensus estimate of $8.87 billion. The company reported third-quarter adjusted earnings of $1.91 per share, beating analyst estimates of $1.60 per share.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45906594/micron-and-trump-announce-200-billion-us-chip-expansion-plan-aiming-to-create-90k-jobs" target="_blank" rel="noreferrer noopener">Micron And Trump Announce $200-Billion US Chip Expansion Plan, Aiming To Create 90K Jobs</a>
Micron expects fourth-quarter revenue of $10.7 billion, plus or minus $300 million, versus estimates of $9.88 billion. The company anticipates fourth-quarter adjusted earnings of $2.50 per share, plus or minus 15 cents, versus estimates of $2.01 per share.
Micron Technology is the last remaining pure-play U.S.-based memory company and is the third-largest supplier of memory chips including Dynamic Random Access Memory (DRAM), Not AND (NAND). Micron&#8217;s chips support disruptive trends across artificial intelligence, 5G, machine learning, and autonomous vehicles, as per Arya.
The rerating reflected improved DRAM outlook and continued <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45867716/micron-ships-advanced-hbm4-memory-to-fuel-next-generation-ai" rel="noreferrer noopener">High Bandwidth Memory</a> (HBM) ramp, Arya noted.
According to the analyst, Micron now expects the fiscal fourth-quarter gross margin to be 42.0%, above the fiscal third-quarter&#8217;s guided 36.5%, and the fiscal first-quarter gross margin could expand further.
Arya attributed the gross margin beat to a robust pricing environment and an improving product mix.
Importantly, management expects to exit fiscal 2025 with tight DRAM inventories, significantly reduced NAND inventories, and overall company inventory near the target 120-day level, per the analyst, a substantial sequential improvement.
On the AI side, Micron&#8217;s HBM opportunities continue to expand, now shipping HBM3e 12-high to 4 customers (Graphics Processing Unit (GPU) or Application-Specific Integrated Circuit (ASIC), and the 12-high will likely crossover 8-high by the fiscal fourth-quarter. At 20-25% share of the $35 billion calendar 2025 Total Addressable Market (TAM), Arya expects Micron HBM to reach $2.4-2.5 billion exiting the fiscal first quarter.
Overall, the analyst raised calendar 2025-27E sales by 4-6% and EPS by 13-23%. However, Arya reiterated Neutral as NAND pricing remains uncertain and startup cost headwinds to gross margins remain into calendar 2026, limiting visibility beyond the near term. 
Arya projected fourth-quarter sales of $10.71 billion (prior $9.83 billion) and adjusted EPS of $2.50 (prior $1.82).
Price Action: MU stock is trading lower by 1.19% to $125.70 at last check Thursday.
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Reiteration

Micron Earnings Soar, But Weak PC And Phone Demand Keep It Grounded

Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&amp;P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal <a href="https://www.benzinga.com/topic/federal-reserve">Reserve lifted investor sentiment.</a>
By midday in New York, the S&amp;P 500 was up 0.7% to 6,136, just nine points shy of its all-time high of 6,145. The Nasdaq 100 rose another 0.7% to 22,400, marking yet another intraday record.
Meanwhile, small caps surged, with the Russell 2000 jumping 1%, outperforming the broader market.
On the macro front, the first-quarter GDP was revised downward to -0.5% from the previous -0.2% figure, primarily due to a widening goods trade deficit linked to weaker exports. Yet, other data released Thursday painted a more positive picture.
Factory orders in May soared by 16.4% month-over-month to $343.6 billion, marking the biggest increase since July 2014. That followed a revised 6.6% drop in April and smashed market expectations of an 8.5% gain. Weekly jobless claims fell by 10,000 to 236,000 in the week ending June 21, while economists had forecast no change — another sign of labor market resilience.
Currency markets added fuel to the equity rally. The U.S. dollar index fell to 97, its lowest level since February 2022, as traders increasingly bet that the next Fed chair nominee — with a <a href="https://www.benzinga.com/author/piero-cingari">shortlist reportedly down to four or five names</a> — will favor a dovish stance, potentially setting the stage for deeper rate cuts in 2026.
All S&amp;P 500 sectors traded in the green, except real estate. Energy stocks outperformed, rebounding after sharp down days as crude oil prices rose 2% to $66 per barrel.
Other commodities — especially metals — also rose, fueled by dollar weakness. Silver rose 1.2%, while palladium and <a href="https://www.benzinga.com/markets/commodities/25/06/46120819/platinum-miners-forecasts-stocks">platinum</a> spiked 6.1% and 4.3%, respectively. Copper rose 2.8% hitting a three-month high, while gold held steady at $3,330 per ounce.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was unchanged at $107,220. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>% Chg</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,158.05</td>
<td>+1.0%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>43,355.44</td>
<td>+0.9%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>22,403.44</td>
<td>+0.7%</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,136.45</td>
<td>+0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 0.66% to $563.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.8% to $433.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;soared 0.7% to $544.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1% to $214.05.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.5%; the&nbsp;Real Estate&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged past $155 per share to hit record highs, becoming the world's most valuable company at $3.8 trillion.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) slipped 1.1%, even after delivering <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46121658/micron-impresses-wall-street-with-strong-q3-earnings-continued-strength-in-ai-data-center">stronger-than-expected quarterly earnings</a>.</li>
<li>Other stocks reacting to earnings included Acuity Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), up 7.1%; McCormick Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), up 5.2% and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), up 0.8%.</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) jumped 8%, lifted by rising metal prices, with industry peers Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), and Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) all rallying between 7% and 8%.</li>
<li>Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) sank 8% after unveiling a long-term growth outlook that underwhelmed investors.</li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) will report earnings after the close. </li>
</ul>
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Stocks Rally To New Highs, Dollar Tumbles To 40-Month Lows: What's Driving Markets Thursday?

Susquehanna analyst Mehdi Hosseini maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Positive and raises the price target from $150 to $160.

Susquehanna Maintains Positive on Micron Technology, Raises Price Target to $160

Stifel analyst Brian Chin maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and raises the price target from $130 to $145.

Stifel Maintains Buy on Micron Technology, Raises Price Target to $145

Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares fell Thursday in early trading, despite the company on Wednesday reporting <a href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand">upbeat fiscal third-quarter earnings</a>.
The announcement came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
KeyBanc Capital Markets On Micron Technology
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585beadcb5a482000151d188/john-vinh">Analyst John Vinh</a> reiterated an Overweight rating, while raising the price target from $135 to $160.
Micron Technology reported quarterly revenues and earnings of $9.30 billion and $1.91 per share, beating consensus of $8.86 billion and $1.60 per share, respectively, Vinh said in a note. The results were driven by "improved pricing/mix and healthy demand, particularly for DRAM and HBM," he added.
"Looking into F4Q, MU sees continued strength in AI data center, a recovery in auto/industrials, and tightening DRAM supply driving favorable mix and improving GM," the analyst wrote. For the fiscal fourth quarter, management guided to revenue and earnings of $10.7 billion and $2.50 per share, above the consensus of $9.90 and $2.03 per share, he further wrote.
Piper Sandler On Micron Technology
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58fe05b80bd9910001595370/harsh-kumar">Analyst Harsh Kumar</a> maintained an Overweight rating, while lifting the price target from $120 to $165.
Micron Technology's DRAM and NAND bit shipments both grew around 20% sequentially, Kumar said. The company continued to gain market share with its HBM (high-bandwidth memory) product, he added.
Revenues generated by HBM continued to grow by more than 50% sequentially, the analyst stated. "We continue to see MU as an outsized beneficiary from current market trends in both data center and AI due to their HBM products and market positioning," he further wrote.
<h1 class="wp-block-heading">Stifel On Micron Technology</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8cb85e9300015f1add/brian-chin">Analyst Brian Chin</a> reaffirmed a Buy rating, while taking the price target higher from $130 to $145.
Micron Technology announced its results and guidance higher than consensus estimates, Chin said. The company guided to gross margins of 42.0% for the fiscal fourth quarter, "exceeding our 38.0%," he added.
Management noted that data center demand had strengthened the guidance, the analyst stated. "This is expected to drive a more favorable mix, reflected in a better-than expected F4Q GM guide," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">RBC Capital Markets On Micron Technology</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee55ee7bf6000154d12b/jonathan-atkin">Analyst Matt Bryson</a> reiterated an Outperform rating, while raising the price target from $150 to $165.
While Micron Technology's sequential growth in bit shipments was strong, expectations were "already in this range," Bryson said. The company's data center revenues more than doubled on a year-on-year basis and reached record levels, he added.
HBM sales grew nearly 50% sequentially to surpass $1.5 billion in the quarter, the analyst stated. The company's HBM ramp "remains on track, with growth in that market in turn lifting MU&#8217;s future revenue and margin profile," he added.
<h1 class="wp-block-heading">Cantor Fitzgerald On Micron Technology</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6331beac10b15f0001b58380/c-j%20muse">Analyst C.J. Muse</a> maintained an Overweight rating, while lifting the price target from $145 to $155.
While Micron Technology was expected to announce a strong beat-and-raise quarter, its results and guidance were "well above just about everyone's expectations," Muse said.
While indicating some tariff-related pre-purchases, management said that secular trends in both data center and HBM memory and a cyclical recovery in NAND were "more important drivers of the recovery," the analyst stated. The company also suggested that "a return to tight/normalized inventory exiting August FY25 sets the stage for a strong recovery to continue through the remainder of CY25 and into FY26," he further wrote.
<h1 class="wp-block-heading">Needham On Marvell Technology</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e21cde3430dee0001c717dd/quinn-bolton">Analyst Quinn Bolton</a> reaffirmed a Buy rating, while taking the price target higher from $120 to $150.
Micron Technology reported solid results and guidance, "driven by continued strength in data center along with a recovery in other end markets," Bolton said. "The AI demand environment remains healthy and Micron continues to increase its share in the HBM market," he added.
The company reported non-GAAP gross margins of 39.0% and guidance to 42.0% at the midpoint, surpassing consensus of 39.2%, the analyst stated. "The GM expansion is attributed to product mix shift towards DRAM from NAND and an improving pricing environment," he further wrote.
MU Price Action: Shares of Micron Technology declined by 1.88% to $124.87 at the time of publication on Thursday.
Read More: • <a href="https://www.benzinga.com/markets/equities/25/06/46111337/micron-ceo-cautions-ai-boom-may-not-be-fully-sustainable-flags-tariff-driven-demand-pull-in">Micron CEO Cautions AI Boom May Not Be Fully Sustainable, Flags Tariff-Driven Demand Pull-In</a>

Photo: Shutterstock

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