Argus
•
May 27, 2026
Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
Tuesday was yet another banner day for the AI trade, and more specifically for the highflying memory and storage semiconductors. Micron Technology (MU) is the newest poster child for the AI boom, ripping higher by another 19% on Tuesday and joining the trillion-dollar market-cap club. Since April 2025, this newly minted growth stock (it used to be cyclical) has skyrocketed almost 1,300%. Since March 30 alone, it is up 178%. In res
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