Micron (MU) Stock Surges to Record Peak Amid Unstoppable AI Memory Demand
Micron Technology's stock surged to a record high of $472.02, driven by legislative developments and optimistic Wall Street assessments amid growing demand for AI memory chips. The company's shares have risen 540% over the past 12 months, making it one of the top-performing S&P 500 stocks.
Micron Technology's stock reached a record high of $472.02, climbing 4.7% in a single session. The surge was driven by the company's lobbying for the MATCH Act, which aims to restrict semiconductor sales to Chinese competitors. Goldman Sachs and Morgan Stanley upgraded their earnings projections for Micron, citing growing demand for AI memory chips. Micron's Q2 fiscal 2026 revenue jumped 196% year-on-year to $23.9 billion, with the company projecting full-year revenue of $109 billion. The company's HBM inventory is fully allocated through 2026, supported by long-term contracts with AI processor clients like Nvidia. Analysts expect Micron's earnings per share to expand 605% in fiscal 2026.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.