Micron’s AI Memory Boom Fuels Stock Surge Amid Insider Selling

Micron stock (MU) has surged from a 52-week low of $90.93 to nearly $800, now flirting with its $818.67 peak. The rally comes as the chipmaker dominates AI memory demand, with Q2 FY2026 revenue hitting $23.86B (up 196% YoY) and EPS crushing estimates at $12.20 vs. $8.79. Yet $52M in insider sales over three months raises eyebrows.

The company's Cloud Memory Unit delivered $7.75B at 74% margins—a rarity in semiconductors. With HBM production sold out through 2026 and a $35B TAM, bulls see a path to $1,000/share. Crypto traders eye parallels: like GPU shortages during Ethereum's PoW era, scarcity drives value.

Memory chips are the new pickaxes in the AI gold rush. As Micron's trajectory mirrors crypto's boom cycles, the question isn't just about MU—it's how blockchain projects will leverage this hardware revolution.