Micron share: Pullback after record high-investors are ready!

Micron share: Pullback after record high-investors are ready!

NYSE, USA - What's up with Micron Technology? The US chip manufacturer, who is at the forefront of booming artificial intelligence, has recently provided some movement. With a gratifying price of $ 128.42 last week and a current price of $ 120.48, the share is now in a pullback mode after an impressive increase of 37 percent in June. According to ad-hoc-news.de, this decline is to be regarded as normal, and it is expected that it could last up to 114.80 US dollar.

The investors are closely observed and are waiting to build long positions in the defense zone between $ 112.00 and $ 114.80. This could prove to be a clever strategy, because the overarching price targets indicate a possible increase to up to $ 157.05. In general, patience is required: With a price slide under $ 109.51, it could be uncomfortable and the course could fall to around $ 100.00.

The strong numbers and the reactions of the analysts

micron has set up a sales record that exceeded the expectations of the analysts. The demand for data center operators and the general AI boom are driving the business, which contributes to the positive development of the share. [The shareholder] (https://www.deraktionaer.de/artikel/actien/micron-starke- figure-aktie- 20382319.html) reports that the proceeds and profits in the final quarter are expected to increase at the end of August than was originally assumed. This makes Micron one of the top values ​​in the Nasdaq 100.

The reactions of the analysts are just as promising. Harlan Sur from JPMorgan raises the price target to $ 165, while Barclays adjust the target from 95 to $ 140. Timothy Arcuri from UBS also raised his forecast from $ 120 to $ 155. These positive reviews are not unfounded: Micron's sales are at the top of the market expectations and the gross margin and the result per share have literally surprised.

the look ahead

The uncertainties that triggered the decline of the share can therefore be classified in a wider context. With a view of the expected ground formation and future growth, investors invested could have a real opportunity in the coming weeks. While we are waiting for the pullback and the possible stabilization in the aforementioned support zone, the focus is on Micron. The company has proven that it has a good hand to benefit from developments in the technology sector, and the upcoming quarterly figures promise nothing less than a look into the future.