Micron Stock Inches Closer to $1,000 Per Share, but Time Is Running Out for a Stock Split in 2026

For those who have owned Micron Technology (NASDAQ: MU) stock since the start of the year, the last month alone has offered a wild ride. On July 29, shares sank to a closing price of $739. That's seemingly based on several factors converging, ranging from potential profit-taking to fears of cheaper artificial intelligence (AI) models emerging from China to increased competition to fears of memory makers losing margin power and returning to boom-or-bust cycles as supply catches up to demand created by AI.