Yes, Roundhill Memory ETF (DRAM) holds MU with 26.52% (as of 2026-09-23).

Yes, VistaShares Artificial Intelligence Supercycle ETF (AIS) holds MU with 7.18% (as of 2026-09-23).

Yes, VanEck Semiconductor ETF (SMH) holds MU with 5.45% (as of 2026-09-23).

Yes, Roundhill Generative AI & Technology Disruptor ETF (WTAI) holds MU with 4.99% (as of 2026-09-23).

Yes, Vanguard Information Technology ETF (VGT) holds MU with 4.18% (as of 2026-09-23).

Micron Technology, Inc. (MU) is held by DRAM (26.52%), AIS (7.18%), SMH (5.45%), WTAI (4.99%), VGT (4.18%), and 10 more.

What AI bubble is MU in?

Micron Technology, Inc. (MU) is mapped to the DRAM / HBM Memory bubble on QuantAbundance. Only US-listed pure-play DRAM/NAND/HBM producer.

What sector is MU in?

Micron Technology, Inc. is classified under GICS Information Technology (Semiconductors).

What is MU's last close price?

MU last closed at $1080.53 on 2026-09-24.

MU

NASDAQNext earnings·Sep 306dAnalystsStrong Buy·45+40%

Micron Technology, Inc.

Information Technology · Semiconductors

$1080.53last close

$1,079.80+0.6%perp 24/7 · USD · funding +20% apr · trade ↗

+568.2%~252d

Price

+568.19% over 1Y

1 curated level

Video teardown

A walkthrough of this page: the numbers, the levels, and where it sits.

Tese

em 2026-09-23

Only US-listed pure-play DRAM/HBM/NAND producer — structural scarcity premium for US-retail; crossed $1T market cap 2026-05-26 (first memory pure-play in history). 11, data-center revenue >$25B in the quarter (>$100B annualized run-rate); FQ4 guided to $50B ±$1B at ~86% GM.

FY26 actuals-plus-guide sum to ~$129B revenue vs FY24 ~$38B — obsoleting the ~$70B consensus pinned 2026-05-28. 16 strategic customer agreements (first five-year SCA signed FQ2) put multi-year price floors under what was historically spot-cycle revenue; company expects supply tight beyond calendar 2027 and frames robotics (humanoids ~10x memory content vs vehicles) as the next demand leg.

Structural-vs-cyclical is the question: SCA floors argue structural; memory's history, HBM4-on-Rubin share (SK Hynix ~70% per Korean media), and CXMT's China entry argue cycle risk 2027-2028.

•2026-03-18 — FQ2-26 print: revenue $23.86B (+75% Q/Q, +196% Y/Y), non-GAAP GM 74.9%, EPS $12.20; first five-year SCA signed; dividend raised 30%; FY26 capex guided above $25B.
•2026-06-24 — FQ3-26 print: revenue $41.46B (+74% Q/Q, +346% Y/Y), non-GAAP GM 84.9% (record), operating income $33.68B (81% of revenue), net income $28.86B (~70% net margin), EPS $25.11 — all above the high end of guidance.
•2026-06-24 — Data-center revenue exceeded $25B in the quarter (annualized run-rate >$100B); data-center SSD revenue >$5B, more than doubling sequentially.
•2026-06-24 — 16 strategic customer agreements (SCAs) signed, with specific multi-year commitments — company frames them as fundamentally transforming the business model; DRAM and NAND demand expected to exceed supply beyond calendar 2027.
•2026-06-24 — FQ4-26 guidance: revenue $50.0B ±$1.0B, GM ~86%, EPS $31.00 ±$1.00; FY26 capex ~$27B (FQ4 ~$10B); intent to return 100% of excess cash to shareholders over time after the Dec 9, 2026 CHIPS-agreement anniversary.
•BU gross margins FQ3-26: Cloud Memory 83% · Core Data Center 87% · Mobile & Client 87% · Automotive & Embedded 79%.
•Snapshot 2026-06-24: FQ1+FQ2+FQ3 revenue $78.96B; with FQ4 guide midpoint, FY26 lands ~ $129B vs FY24 ~$38B (and vs the ~$70B consensus pinned 2026-05-28).
•Setup tension: multi-year SCA price floors + robotics demand (humanoids ~10x memory vs vehicles, per company) argue structural; memory's cyclical history, soft HBM4-on-Rubin share, and CXMT's entry argue 2027-2028 cycle risk.
•2026-05-26 — UBS (Timothy Arcuri) — Street-high call (the day MU crossed $1T): price target raised $535 -> $1,625; projects >$400B cumulative free cash flow over 2027-2029, and after the 2026-12-09 CHIPS anniversary could direct essentially all FCF to buybacks — >40% of shares through end-2028. Third-party analyst projection (not company guidance), premised on the industry-wide multi-year SCA floors.

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Analyze MU· interactive tools

Fibonacci levels Correlation matrix Learn the method

Bubbles· capital-flow co-movement

DRAM / HBM Memoryprimaryw 1.00

Themes· editorial groupings

AI Hardware

Conviction· in 7 watchlists

Top correlated· 252d co-movement

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Related research· long-form analysis touching MU

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Recent news· high-signal only

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Held by ETFs

DRAMRoundhill Memory ETF
26.52%
AISVistaShares Artificial Intelligence Supercycle ETF
7.18%
SMHVanEck Semiconductor ETF
5.45%
WTAIRoundhill Generative AI & Technology Disruptor ETF
4.99%
VGTVanguard Information Technology ETF
4.18%
XLKTechnology Select Sector SPDR Fund
4.00%
VTVVanguard Value ETF
3.94%
IWFiShares Russell 1000 Growth ETF
3.24%
CHATRoundhill Generative AI & Technology ETF
3.20%
VOOVanguard S&P 500 ETF
1.63%
SPYSPDR S&P 500 ETF Trust
1.63%
IVViShares Core S&P 500 ETF
1.63%
IWBiShares Russell 1000 ETF
1.52%
VTIVanguard Total Stock Market ETF
1.46%
ITOTiShares Core S&P Total US Stock Market ETF
1.45%

Key levels

$900.00
BB80 upper / dynamic support · 2026-05-28
BB80 upper (4H) acting as dynamic support; first floor on any pullback from $956 ATH. Lose this and the trade thesis shifts to "wait for $850".
+20.1%
$850.00
Breakout retest · 2026-05-28
Out of reach · reference only
+27.1%
$750.00
Recent base · 2026-05-28
Out of reach · reference only
+44.1%
$341.00
Key Fib level · 2026-04-25
Out of reach · reference only
+216.9%

Trading 20.1% above fib key.

Open full Fib grid →Correlation lookup →🔔 Get Telegram alerts for $MU →

Facts

Exchange: NASDAQ
Currency: USD
Market cap: $1.21T
Last update: 2026-09-24

Revenue (TTM)$90.3B

P/E24.2×

P/S13.4×

Net margin55.9%

Frequently asked questions

Is MU in DRAM?: Yes, Roundhill Memory ETF (DRAM) holds MU with 26.52% (as of 2026-09-23).
Is MU in AIS?: Yes, VistaShares Artificial Intelligence Supercycle ETF (AIS) holds MU with 7.18% (as of 2026-09-23).
Is MU in SMH?: Yes, VanEck Semiconductor ETF (SMH) holds MU with 5.45% (as of 2026-09-23).
Is MU in WTAI?: Yes, Roundhill Generative AI & Technology Disruptor ETF (WTAI) holds MU with 4.99% (as of 2026-09-23).
Is MU in VGT?: Yes, Vanguard Information Technology ETF (VGT) holds MU with 4.18% (as of 2026-09-23).
What ETFs hold MU?: Micron Technology, Inc. (MU) is held by DRAM (26.52%), AIS (7.18%), SMH (5.45%), WTAI (4.99%), VGT (4.18%), and 10 more.
What AI bubble is MU in?: Micron Technology, Inc. (MU) is mapped to the DRAM / HBM Memory bubble on QuantAbundance. Only US-listed pure-play DRAM/NAND/HBM producer.
What sector is MU in?: Micron Technology, Inc. is classified under GICS Information Technology (Semiconductors).
What is MU's last close price?: MU last closed at $1080.53 on 2026-09-24.