Siebert CIO Says Micron Stock Is a Buy, Just Not Forever
Micron Technology (MU) inventory rose 4.06% on Wednesday to shut at $1,088. The reminiscence maker led the S&P 500 digital know-how sector whereas most chipmakers ended the session decrease.
Nvidia, AMD, Texas Instruments, and Qualcomm all completed within the pink. Micron has gained roughly 280% because the begin of 2026.
Siebert CIO Says Micron Stock Can Outrun the Avalanche
Mark Malek, chief funding officer at Siebert Financial, rejected the concept of holding Micron perpetually. However, he known as it a purchase proper now, citing its management of a key a part of the AI ecosystem.
“This is a firm that may proceed to outrun the avalanche.”
Malek additionally pointed to Nvidia’s reliance on Micron’s reminiscence.
“Everyone’s favourite firm, NVIDIA, mine included… is beholden to Micron. It’s a part of their chipset. So with out a boring firm like Micron, they’ll’t promote a chipset.”
Why Micron Keeps Growing
Micron reported fiscal fourth-quarter income of $54.23 billion on September 30, beating its personal $50 billion steerage. Gross margin reached 87%.
The firm guided fiscal first-quarter 2027 income to $61.5 billion. Moreover, it has contracted the overwhelming majority of its 2027 high-bandwidth reminiscence (HBM) provide at larger costs.
HBM sits beside Nvidia’s AI processors. Micron produces HBM4 for Nvidia’s Vera Rubin platform and is co-developing a customized HBM4E model.
Meanwhile, Micron mentioned it has no line of sight to when DRAM provide and demand will steadiness. Rival Samsung faces comparable demand strain. Still, MU trades at round six occasions anticipated fiscal 2027 earnings.
AI Capex Remains the Avalanche
Malek warned that a slowdown in AI capital expenditure (capex) would hit the entire sector. In his view, firms like Micron would battle probably the most.
That threat has already surfaced as soon as. Memory shares fell into a bear market in July, with MU dropping about 30% from its high. Temasek has additionally flagged an AI commerce unwind as the highest market threat.
Micron can be spending closely, planning round $25 billion in capex for the primary half of fiscal 2027.
Micron Stock Price Prediction Points Toward $1,500
MU broke out of a symmetrical triangle on September 3. The worth retested the breakout on September 14 close to the 0.618 Fibonacci degree at $894.58.
That retest confirmed the zone as help (blue circle). The inventory has since reclaimed the 0.786 Fibonacci space close to $1,053, which beforehand acted as resistance.
On Wednesday, MU dipped to $1,011 intraday earlier than closing at $1,088, close to the session high. The bounce got here because the broader market pulled again from report highs.
Volume broke above a descending trendline on October 1 (purple ellipse). The Relative Strength Index (RSI) sits close to 60 and is rising, suggesting bulls retain momentum.
The first goal is the all-time high of $1,255, about 15% above the shut. The triangle’s measured transfer factors to $1,516, close to the 1.272 Fibonacci extension at $1,511.63.
That implies roughly 39% upside. However, a every day shut under $1,040 would undo the reclaim and will expose $1,000 after which $895.
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