MU — Micron Technology

_Last updated 2026-11-06 14:00 ET from report. Screening/research, not investment advice._

Business

DRAM (incl. HBM for AI) and NAND memory/storage — Micron IR.

Catalysts, guidance & news

2026-10-29 16:00 update

• 10-29: −4.98%; after hours −2.9% (Yahoo ~4:12 PM). INTC ρ 0.71, STX 0.68. INTC guided Q4 below consensus (GM 38%, PC slowdown through 1H27) (report).

• Memory names sold off the prior week on oversupply worries (NexuAlpha citing CNBC, 2026-10-23); −6.26% Oct 22. Memory ETF DRAM indicated +2.5% Oct 23 after SK Hynix ended plans for a US Solidigm IPO (Investopedia via Yahoo, 2026-10-23).
• TRAI indicated gap +0.88% (strongest premarket bounce among TRAI semis). Next earnings ~2026-12-23 (estimated).

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

• Sector (TRAI): Semis. Oct 22: -6.26%, relVol 1.21, ATR 5.74%, beta60 3.16, indicated gap +0.88%, signals: mean_reversion_fade_long (TRAI /api/latest).
• Next earnings: 2026-12-23 unknown (estimated), gap risk None (TRAI /api/events, asOf 2026-10-23).
• Typical earnings reaction (last 4): avg |gap| 10.09% (1.52 ATR), max |gap| 17.60%, gap fill rate 25%, continuation 0%, avg day-1 move in gap direction -3.33% (TRAI /api/events).
• Recent events: 2025-12-17 AMC: gap +13.75%, day-1 -3.11%, close-close +10.21%, EPS surprise 20.58%; 2026-03-18 AMC: gap -7.96%, day-1 +4.54%, close-close -3.78%, EPS surprise 33.21%; 2026-06-24 AMC: gap +17.60%, day-1 -1.58%, close-close +15.74%, EPS surprise 21.39%; 2026-09-30 AMC: gap -1.04%, day-1 +4.11%, close-close +3.03%, EPS surprise 5.03% (TRAI /api/events).
• Correlation cluster 1 (avg ρ 0.588, 60d): ON, MCHP, TXN, ADI, CAT, ANET, VRT, GEV, ETN, AVGO, MU, TSM, ASML, KLAC, AMAT, LRCX, MRVL, ARM, AMD, INTC, NVDA, ORCL, SMCI, DELL (TRAI /api/correlations, asOf 2026-10-22).
• Highest 60d correlations: LRCX 0.78, TSM 0.72, AMD 0.72, INTC 0.71, AMAT 0.70 (TRAI /api/correlations).

2026-10-30 09:00 update

• Premarket −6.57% (09:17) on INTC's memory-shortage/PC-shipment warning; WDC −8.0%, STX −7.5%. Not a bucket candidate.

Report links

• 2026-10-23 09:00 — semis selloff
• 2026-10-29 16:00 — AI-infra momentum vs capex financing; INTC/AMZN after-close
• 2026-10-30 09:00 — premarket rotation, INTC/crypto shocks, BMO prints

2026-11-02 12:00 update

• Day 2: −3.10% at 12:10 ET, below VWAP. 10-30 driver: CXMT Q3 revenue +613% y/y to 118.7B yuan, net profit 54.4B yuan, 4F² server DRAM planned by end-2026; Samsung Q3 miss; SK hynix −7% (Invezz, 2026-10-30; Investing.com, 2026-10-30). Micron FQ1-27 guide $60–63B (Investing.com).
• 2026-11-02 12:00 — semis day 2, fade-longs fail, compute/memory vs analog split

2026-11-06 14:00 update

• Thu −17.46% (close 656.39); Fri midday ~+5.6% (~692.9) under STRESS while WDC/STX stayed ~−2.2% (cluster-1 product split).
• Primary print still FQ4/FY26, 2026-09-30: FQ4 rev $54.23B; FQ1-27 guide $61.5B ± $1.5B.
• Nov 5 8-K is Item 5.02 board retirement (Haynesworth), not guidance (SEC).
• Now in cluster 1 with WDC/STX (asOf 11-05); WDC–MU ρ 0.79. See 14:00 report / S-148.