MU’s 13.55% Move: Momentum Is Strong, but Choppy

I view today’s +13.55% jump to $823.35 as consistent with powerful longer-term earnings momentum, not enough evidence by itself to call a durable trend reversal. MU is up 225.0% over 12 months, but remains down 13.3% over three months and 32.2% below its 52-week high; that mixed price action argues for a measured entry. Fundamentals support the move: Q3 EPS rose 1,061.5% year over year to $32.87, and consensus estimates rise from $38.291 in Q4 2026 to $42.250 in Q1 2027. The 11.1x trailing P/E and 4.7x estimated FY 2027 P/E look undemanding against that growth, though beta of 2.40 flags substantial volatility. I’m bullish, but today’s surge does not erase the recent pullback. I’ll buy a modest 15% of USD cash.