Micron Technology’s Stock Soars to Unprecedented Heights

Shares of Micron Technology are trading near record levels, with the company’s market valuation approaching the $500 billion mark. This surge is fueled by a unique and powerful market dynamic: demand for High-Bandwidth Memory (HBM) chips, essential for artificial intelligence data centers, is vastly outstripping the available supply. In a significant statement, CEO Sanjay Mehrotra recently confirmed that the company’s HBM production capacity for the entire 2026 fiscal year is already fully booked. The stock is currently priced around $428.

The bullish outlook is reflected in a series of upward revisions from major financial institutions. On January 27, Mizuho Securities raised its price target to $480. This follows other increases: HSBC set a target Read more...