Micron Technology stock heads into the open after a 5.5% jump
Published on 09/18/2026 at 08:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Micron Technology stock closed at USD 977.50 on the Nasdaq on September 17, 2026, up 5.5% from the prior session. The share price moved within a 52-week range of USD 154.65 to USD 1,255.00, underscoring how far it currently trades above its lows over the past year. Per Nasdaq data cited by GuruFocus, the stock’s latest close leaves it more than 50% above one widely followed intrinsic value estimate, highlighting a stretched valuation profile.
September 17, 2026 in numbers
Micron Technology Inc. (ISIN US5951121038, Nasdaq: MU) saw its shares rise 5.5% to USD 977.50 on September 17, 2026, with the move occurring within a documented 52-week range between USD 154.65 and USD 1,255.00 per share. According to GuruFocus, Micron’s latest close of USD 977.50 sits roughly 53.1% above a GF Value estimate of USD 638.38, suggesting the stock remains significantly overvalued by that metric. In tandem, sector commentary indicated that memory-chip names broadly outperformed the market.
As The Globe and Mail reported, Micron’s roughly 5.5% advance followed remarks from Intel’s chief executive warning that memory supply constraints could worsen next year, a scenario that could support pricing power for major memory producers. A broader chip rebound also provided support, with Micron, Advanced Micro Devices and Intel all logging strong gains in that session, according to a market recap from Mitrade. This left Micron outperforming many broad equity benchmarks on September 17, 2026.
Today’s drivers for Micron Technology
Today, September 18, 2026, Micron heads into the open with investors still reacting to the sector backdrop that lifted memory-chip stocks in the previous session. As Invezz highlighted, Micron remains one of the lower-multiple names in the S&P 500 on forward earnings, which can keep valuation debates active as the market weighs growth prospects against perceived overvaluation signals from metrics such as GF Value. Additional attention today may fall on any follow-up commentary from major chipmakers or customers regarding memory demand and supply conditions, given Intel’s warning about potential shortages. Broader moves in the Nasdaq Composite and semiconductor peers are also likely to shape Micron’s trading tone as the new session begins.
