TSM ramps up AI chip and packaging capacity as soaring HPC demand drives its 2026 revenue growth outlook above 30%.
Shares of Micron Technology (MU) fell sharply on Friday as renewed uncertainty surrounding Nvidia's AI chip sales to China triggered a broader semiconductor selloff and prompted investors to lock in profits following Micron's massive recent rally. Micron shares dropped roughly 7.3% during the session after climbing to a fresh all-time high near $818 earlier in the week.
In the closing of the recent trading day, Micron (MU) stood at $776.01, denoting a -3.44% move from the preceding trading day.
Micron Technology ( MU ) and Sandisk Corporation ( SNDK ) have become two of the defining stocks of the current AI infrastructure trade. After years of being viewed as highly cyclical commodity memory companies, both stocks have exploded higher as investors reprice the value of DRAM, NAND, high-bandwidth memory and enterprise storage in the AI era.
Memory has gone from commodity to strategic asset, and Micron Technology (NASDAQ:MU | MU Price Prediction) has been the biggest beneficiary on the public markets.
Micron's high sequential growth, impressive outlook, and recent history of beating guidance highlight the strong fundamentals driving this rally. The company's memory chips are essential for AI infrastructure, and the industry has had a high compound annual growth rate over several years.
Memory is the new oil of the AI economy, and Micron Technology (NASDAQ:MU | MU Price Prediction) has become its biggest beneficiary.
Micron Technology (MU) remains undervalued despite explosive earnings growth and a pivotal role in the AI/data center supply chain. Consensus forecasts for MU show a sharp revenue and margin surge through YE27, yet the market still prices it as a cyclical commodity stock. I maintain a BUY rating, raising my YE26 price target to $903 and YE27 to $1,477, based on a reasonable 15x PE multiple.
Micron Technology's stock has increased by nearly 9x in the past year, raising its market valuation above $800 billion – marking one of the most substantial single-year increases in the company's forty-year trading history. This increase is fueled by heightened demand and a deficit of high-bandwidth memory, the specialized chips that complement AI accelerators within data centers.
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are surging on Wednesday, trading at around $804 and up roughly 5% on the session.
The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price target on Micron (MU) stock to $950 from $500 while maintaining a Buy rating, reflecting growing optimism around long-term demand for high-performance memory chips used in AI servers and data centers.
Bank of America (BofA) raised its price target on Micron (NASDAQ: MU) from $500 to $950 on Wednesday, May 13, while reiterating a ‘Buy' rating, just as the stock surged 140% year-to-date.