Micron (MU) stock price has yet again climbed to a new all-time high. The memory chip manufacturer has seen meteoric gains over the last few months. MU’s price closed at 8.70% higher at close, an uptick of 90.80 points. After market hours also continued the bullish stint, registering a 1.58% rally, a rise of 17.96 points. MU’s price climbed to $1151.95 in the after market hours. Let’s discuss if MU’s price can sustain its latest upswing.

Will Micron Stock Continue To Rally After Its Later All-Time High?

Micron’s (MU) rally comes amid an industry-wide resurgence. SpaceX (SPCX), however, faced a steep price correction after setting record shattering numbers soon after its IPO (Initial Public Offering). The SpaceX IPO led to a substantial liquidity drain. However, it seems liquidity is being redistributed again. Investors began fearing additional stock unlocks for the rocket manufacturing company. Investors may be pulling away from SPCX and pouring their funds back into Micron (MU).

Many anticipate Micron (MU) to announce a positive earning report later this month on June 24. The event has caught the attention of the larger market. Investors may be lining up to make the best of MU’s earnings.

Also Read: When Will Micron Stock Hit $5,000? The Numbers Tell a Different Story

Micron’s (MU) rally also comes after the Federal Reserve deciding to keep interest rates unchanged. Inflation in the US climbed to 4.2% in May 2026. Federal Reserve Chair Kevin Warsh reiterated that inflation was well beyond the Fed’s 2% target and that prices were still very high. Some even anticipate the Federal Reserve to hike interest rates later this year. Gold has already fallen and Goldman Sachs has reduced its outlook for the commodity. The anticipation of an interest rate hike could lead to investors pulling out of Micron (MU) as well. Such a development could lead to a price correction for the popular stock.