Mu Stock Praises from Musk, 26 Transactions Alleviate Memory Cycle Risks
2026-10-15 20:05:10
CoinMeta data: Mu Stock received public praise from Tesla and Elon Musk, the CEO of SpaceX, on October 13, 2026. Musk stated that Micron maintains fair memory pricing in the future, not as high as its competitors. At this time, the memory price of Micron is near historical highs, and 26 long-term transactions in its customer contracts are expected to account for over 35% of revenue. This buffer also affects the forecast for Mu Stock, as it may mitigate the downside risks of the Micron memory cycle. Although Musk's praise caused Mu Stock to rise 0.7% in after-hours trading on Tuesday, the stock fell 4.08% at the close on October 14 and slid to $875.15 in after-hours trading.
Source:Watcher.Guru
This content is for market information only and does not constitute investment advice.
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