Micron Technology, Inc.
(NASDAQ:MU) stock was almost flat during Wednesday's premarket session as risk appetite firms into the open and traders continue to position around the stock's longer-term uptrend despite a recent pullback from June highs.
Nasdaq futures are up 0.29% while S&P 500 futures have gained 0.20%.
Futurum analyst Rolf Bulk said Micron and its memory-chip rivals could see more stable earnings as long-term AI supply deals reshape the industry and reduce its dependence on cyclical swings.
Long-Term Deals Improve Visibility Bulk told CNBC on Wednesday that the memory industry is moving away from a market driven almost entirely by boom-and-bust cycles.
