Anyone looking at Micron Technology (NASDAQ:MU | MU Price Prediction) right now is staring at a stock that has returned 741.5% over the trailing year and 208.9% year to date, closing the most recent session at $974.33.
NVIDIA (NASDAQ: NVDA | NVDA Price Prediction) and Micron Technology (NASDAQ: MU) just delivered blowout earnings into a market rattled by the 4.65% 10-year Treasury yield, sitting in the 92.8th percentile of the past year.
On a CNBC “Mad Money” special edition filmed at Micron's Boise, Idaho headquarters, Jim Cramer walked Micron Technology (NASDAQ:MU | MU Price Prediction) Chairman and CEO Sanjay Mehrotra to a specific spot on the 2026 calendar: December 9, 2026, the second anniversary of Micron's negotiated CHIPS Act funding agreement and the day a company-specific restriction on large-scale share repurchases expires.
Jim Cramer flew Mad Money to Boise on August 20, 2026 to sit across from Sanjay Mehrotra and tell viewers that Micron Technology (NASDAQ:MU | MU Price Prediction) is “radically undervalued” and “a national treasure.
Micron Technology stock (NASDAQ: MU) is heading into Nvidia's August 26 earnings report with one of Wall Street's most aggressive semiconductor price targets in focus. D.A. Davidson analyst Gil Luria raised his Micron target to $2,000 from $1,500 after the memory maker's fiscal third-quarter results in June, maintaining a Buy rating.
Memory is the one corner of technology holding green while the rest of the tape bleeds red Thursday afternoon.
Micron Technology MU shares rose 2% on Aug. 20 after the memory chipmaker announced plans to build a $10 billion artificial intelligence research laboratory in Boise, Idaho. The facility is expected to be constructed over the next decade and will focus on memory technology, compute systems and future semiconductor manufacturing.
MU nears $1,000 as Apple's China memory stance could boost U.S. chip makers and memory ETFs.
MU targets a bigger AI memory opportunity as agentic AI drives demand for HBM, server DRAM and data center storage across expanding workloads.
Micron stock price has slumped into a bear market, moving from the year-to-date high of $1,255 in June to the current $940. This retreat has mirrored the performance of other memory companies in the United States, South Korea, and Japan.
Micron offers a compelling risk/reward via a January 2028 options structure, capturing 92% of upside while capping downside at $5,300 versus $100,000 for shares. MU's SSD business just cleared $5B in a quarter, with NAND growing 361% YoY, and management signaling buybacks after December. Long-term customer agreements lock in $22B of demand through 2028, providing high visibility and mitigating near-term volatility concerns.
Samsung Electronics and SK Hynix shares fell sharply Wednesday as Tuesday's US semiconductor rout spread across the Pacific, dragging South Korea's market lower. SK Hynix dropped as much as 9.63% in early trading and Samsung fell 7.64%, while the KOSPI triggered a sell-off after opening nearly 5% lower.