This article was written and reviewed by Doug Nathman and his team at Trefis. For questions, email [email protected].
Memory and storage stocks are surging on the morning of Monday, June 15, after news of a U.S.
As successful as Micron (NASDAQ: MU) has been in the 2026 stock market, the equity's year-to-date (YTD) 211.21% rally from $315.42 to $981.61 has rendered MU exceedingly overbought and put it at risk of a severe sell-off.
Micron reports fiscal third-quarter results after the market closes on June 24. Management guided for record revenue of about $33.5 billion in the quarter.
Micron guided Q3 revenue to $33.5 billion and 81% gross margins while customers receive only 50%-66% of demand. The first five-year Strategic Customer Agreement signals improving earnings visibility and reinforces memory's role as a critical AI infrastructure. Q2 generated $11.9 billion in operating cash flow, $6.9 billion in free cash flow, and a record $6.5 billion in net cash position.
Micron Technology MU shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker's upcoming earnings report, even as demand for artificial intelligence-related memory products continues to support the company's long-term outlook. Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target on the company but maintained a Neutral rating, highlighting the increasingly bullish sentiment surrounding the stock ahead of its June 24 earnings release.
Micron Technology (NASDAQ:MU | MU Price Prediction) is the chip stock dominating every feed after its memory business rode the AI cycle to a $1.12 trillion market cap and a 760.37% one-year run.
Micron Technology MU shares moved higher on Thursday as investors returned to semiconductor stocks and analysts grew increasingly optimistic about the outlook for memory-chip demand driven by artificial intelligence. The stock gained more than 10% during the session, rebounding after a sharp pullback that had seen shares fall roughly 12% over the previous five trading days.
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are up 5% in midday trading on Thursday, June 11, changing hands near $939.
Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) and Micron Technology (NASDAQ:MU) both just delivered AI-fueled earnings reports, yet they sit on opposite sides of the data center stack.
Memory stocks are back on the upswing, and Morgan Stanley analysts say their recent breather was necessary to support more explosive gains.
On June 11, Wolfe Research became the latest Wall Street entity to catch up with Micron (NASDAQ: MU) stock's staggering rally by issuing a massive 12-month price target upgrade.