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BTCC / BTCC Square / Global Cryptocurrency /
Micron Stock Surge Fueled by AI Demand, Analysts Eye $1000 Target

Micron Stock Surge Fueled by AI Demand, Analysts Eye $1000 Target

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-05-07 21:08:01
0
BTCCSquare news:

Micron Technology's stock (MU) has surged 102.7% year-to-date, closing at $666.59 on May 6 amid an AI-driven memory shortage. CEO Sanjay Mehrotra confirms the supply crunch persists, with 44 analysts maintaining a 'Buy' rating and a consensus target of $551.40—DA Davidson projects a street-high $1000.

Fiscal Q2 FY26 results reveal staggering growth: revenue up 196% YoY to $23.86 billion, non-GAAP EPS skyrocketing 682% to $12.20. The company secured pricing agreements for its entire 2026 HBM supply, including next-gen HBM4, locking in unprecedented revenue visibility for the memory chip sector.

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