Micron Stock Rises 5% Despite Nvidia HBM4 Snub as Analysts Remain Bullish

Micron Technology shares climbed 5% on Monday, defying concerns over Nvidia's decision to bypass its HBM4 memory chips for the upcoming Vera Rubin AI system. Wall Street analysts maintained optimistic price targets, citing Micron's strong position in the AI memory market and secured 2026 HBM4 production deals.

The chipmaker remains a key supplier for AI inference workloads, with early HBM4 shipments already underway. While Samsung and SK Hynix lead initial Vera Rubin allocations, Micron may join later production cycles. Citi raised its price target to $430, with Susquehanna projecting $525, reflecting confidence in DRAM demand from data centers and high-performance computing.

Investor attention now turns to Micron's March 18 earnings report, which may clarify its role in the expanding high-bandwidth memory sector. The market appears to view Nvidia's initial exclusion as a temporary setback rather than a long-term threat to Micron's AI-driven growth trajectory.