Micron Technology’s stock has surged to nearly $420 in early 2026, driven by an explosive demand for high-bandwidth memory (HBM) in AI data centers. The company reported record-breaking fiscal first-quarter results and has already committed its entire 2026 HBM production through multi-year contracts, signaling a significant shift in its market position within the traditionally cyclical memory sector. Analysts are optimistic, forecasting substantial earnings growth and potential for the stock to exceed $500 as the AI supercycle continues.
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Micron Technology (MU) Stock Climbs Near $420 Amid AI Memory Boom
Micron Technology’s stock has surged to nearly $420 in early 2026, driven by an explosive demand for high-bandwidth memory (HBM) in AI data centers. The company reported record-breaking fiscal first-quarter results and has already committed its entire 2026 HBM production through multi-year contracts, signaling a significant shift in its market position within the traditionally cyclical memory sector. Analysts are optimistic, forecasting substantial earnings growth and potential for the stock to exceed $500 as the AI supercycle continues.