Micron (MU) Stock Surges to All-Time High Amid AI Sector Boom
Micron Technology's shares breached the $310 mark for the first time, closing at $310.52 on Monday. The semiconductor giant has rallied over 30% since December 5 and more than 200% year-to-date, outpacing even Nvidia's gains. Analysts now speculate whether Micron could emerge as the next AI darling in 2026 if the momentum sustains.
The company's latest earnings report crushed expectations with $13.64 billion in revenue and $4.78 adjusted EPS. Micron's performance dwarfs the S&P 500's 16.5% gain and Nvidia's 38.5% return this year. Trading at a discount to peers despite superior growth, Micron operates in an AI market segment that expanded 88% during 2024.
Retail investor enthusiasm reached fever pitch with Stocktwits sentiment hitting 93/100 and message volume soaring 566%. Wall Street remains divided though, with price targets ranging from Barclays' conservative $275 to Rosenblatt's bullish $500 call. Bernstein recently issued a provocative analysis on Micron's positioning.
