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Micron’s AI-Driven Surge Faces Test as Insiders Cash Out

Micron’s AI-Driven Surge Faces Test as Insiders Cash Out

Global Cryptocurrency
Release Time:
2026-05-11 21:11:01
0
BTCCSquare news:

Micron Technology's stock (MU) has defied semiconductor market gravity with a 700% annual surge, closing at $746.79 on May 8, 2026. The rally stems from explosive demand for high-bandwidth memory (HBM) chips powering AI systems, with 2026 supply already sold out. Q2 revenue hit $23.9B (up 196% YoY) as gross margins expanded to 74%.

Wall Street remains bullish on MU's 2026 outlook, projecting $33.5B next-quarter revenue and 81% margins. Yet insider selling and valuation concerns loom. The stock now trades at 12x forward sales—triple its 5-year average—amid questions about sustainability of AI-driven growth premiums.

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