Micron Technology Rides AI Wave as Shares Surge 4.7% on Record Revenue
Micron Technology (MU) shares climbed 4.7% to $237.22, extending a 170%-180% year-to-date rally fueled by AI-driven memory demand. The company reported fiscal Q4 revenue of $11.32B, surpassing expectations, with high-bandwidth memory (HBM) products sold out through 2026.
Strategic shifts are amplifying momentum. Micron is sunsetting its Crucial consumer brand by 2026 to focus on high-margin AI data-center solutions. Analysts responded with price-target hikes up to $338, citing Micron’s positioning in the AI memory supercycle.
The market’s verdict is clear: In an era where AI workloads demand unprecedented memory bandwidth, Micron’s pivot from commoditized segments to HBM and DRAM for hyperscalers is paying dividends. As one fund manager noted, 'They’re not just supplying chips—they’re enabling the AI infrastructure race.'
