MU just hit another all time high fundamentals or pure momentum at this point?

Micron Technology quietly pushed to a fresh ATH again today, and what’s interesting is… there wasn’t really a single new headline behind it.

Feels like a few things are stacking up:

AI memory demand (HBM / DRAM) still looks very real

Last earnings + guidance shifted sentiment hard

Once MU cleared resistance, momentum kind of fed on itself

That said memory has always been cyclical.

And at these levels, valuation isn’t exactly forgiving anymore.

I’m not bearish, but I’m also not chasing blindly here.

Curious how others are playing MU right now:

holding common long-term?

trimming / taking profits?

selling covered calls?

or waiting for the inevitable pullback?

Genuinely interested in different perspectives, especially from people who’ve traded MU through past cycles.