Micron Trade Idea: Ride DDR5 Tightness Into 2026 — Long at $400 With $700 Target
Micron is trading near $400 after a year of dramatic DRAM/NAND repricing and accelerating revenue. Institutional allocators are rotating in, earnings momentum is visible, and balance-sheet metrics support risk-taking. This trade targets continued DDR5-driven pricing power and share gains into 2026 while protecting capital with a strict stop.