MU Blowout up over 15% Premarket Is This a Bullish Signal for Tech?

Micron just posted a blowout Q1 FY2026 with results across the board beating expectations. Revenue came in at 13.64 billion dollars up 57 percent year over year and 21 percent quarter over quarter well above the 12.92 billion consensus. Profitability improved sharply with GAAP gross margin rising to 56 percent up 17.6 points year over year and 11.3 points sequentially beating the 51 percent estimate. GAAP net income reached 5.24 billion dollars up 180 percent year over year and 64 percent quarter over quarter again well ahead of expectations. The core driver was explosive AI driven memory demand. HBM led the upside with capacity already sold out and management significantly raising its outlook for the future HBM market showing demand is far stronger than previously expected. At the same time traditional DRAM and NAND also benefited from AI spillover demand and tight supply leading to both volume and price increases and pushing overall margins to new highs. An aggressive next quarter guide further reinforced confidence that the memory industry is entering a new upcycle. Overall the report confirms that AI is lifting not just high end memory but the entire storage stack though with strong growth and elevated valuations options setups look less attractive for buyers right now.
At this point should I continue holding add more or take profits really curious to hear what everyone thinks!