On June 17, GraniteShares 2x Long MU ETF (MULL) rose 8.3% in pre-market trading, trading at $850.0/share, with turnover of $3.37 million. The leveraged ETF tracks Micron Technology at 2x daily exposure, amplifying moves in the underlying stock.

On the news front, Micron Technology continues to attract bullish sentiment amid the AI-driven storage cycle. Nova Capital maintained its Buy rating on Micron with a target price of $1,300.5, representing approximately 20% upside from recent levels. Micron has posted a cumulative year-to-date gain of 280% following a brief pullback and subsequent recovery.

Market debate around Micron remains elevated, with institutional estimates for the upcoming quarter showing extreme divergence — revenue forecasts differ by as much as $20.39 billion between the highest and lowest projections, while EPS estimates range from $7.53 to $24.08. Some analysts argue the storage cycle inflection point is approaching, while bulls contend the market is underestimating the duration of AI-related memory demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)