During the May 26 regular trading and the subsequent extended session, the memory giant Micron (NASDAQ: MU) enjoyed one of the fastest stock market rallies of any major company in 2026.
Micron Technology (MU) was in the spotlight on May 26 as a UBS-driven rally in its shares drove its market cap into the coveted trillion-dollar club. The unprecedented demand for Micron's memory chips as hyperscalers continue to build artificial intelligence (AI) infrastructure has already seen MU gain a remarkable 185% this year.
Micron Technology, Inc. is transitioning from a cyclical memory supplier to a strategic AI infrastructure enabler, driving a re-rating opportunity. MU's long-term DRAM agreements and supply tightness support margin expansion, demand visibility, and potential for more stable, higher-quality earnings. I rate MU a Strong Buy with a $1,000 price target, grounded in robust AI-driven demand, durable earnings, and a forward P/E below 8x despite recent price appreciation.
On Friday May 22, President Trump publicly praised Micron Technology (NASDAQ:MU | MU Price Prediction) with three words: “Micron is great.
Consider Micron Technology (NASDAQ:MU | MU Price Prediction) here because a forward FY 2027 earnings multiple of 7x on a company sitting at the literal center of the
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are leading the memory complex sharply higher in midday trading, rallying 16% on the session after UBS analyst Timothy Arcuri delivered one of the most aggressive sell-side revisions of the AI cycle.
Chipmaker Micron Technology hit a $1 trillion market value for the first time Tuesday after shares jumped 18%, topping $890, fueled by a Wall Street upgrade signaling that memory chips are one of the most important parts of building AI along with processing chips made by the likes of Nvidia.
Micron hits $1 trillion market cap for the first time as stock surges 18%
Nvidia's fiscal Q1 has reinforced Micron Technology, Inc.'s demand outlook, with the upcoming Vera Rubin transition poised to expand the company's AI memory and storage TAM. Specifically, MU's AI opportunity is rapidly expanding beyond HBM and towards higher-margin LP DRAM and high-performance SSDs, as Vera Rubin embeds its products across the GPU, CPU, and context-storage layers. This transition effectively supports an additive monetization opportunity for Micron, reinforcing both demand visibility and the durability of persistent DRAM/NAND pricing tailwinds.
On May 26, the memory giant Micron (NASDAQ: MU) received a staggering 203% 12-month price target increase from UBS' Timothy Arcuri.
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