AI-driven demand and tighter memory supply lift SNDK, MU, STX and WDC as data centers boost spending on storage, DRAM and NAND solutions.
Micron Technology, Inc. is poised for further upside, driven by AI supercycle demand and robust earnings momentum. MU consistently beats both management and analyst estimates, with Q3 expected to surpass guidance amid 44% sequential and 270% y/y revenue growth. Despite a 243% YTD rally, MU trades at a forward P/E of 16.4x, with projected EPS of $60 in FY26 and $113.81 in FY27.
Micron Technology MU shares surged more than 7% on Monday as investors continued to embrace the artificial intelligence-driven semiconductor rally, while fresh signs of memory chip shortages reinforced expectations of a prolonged industry upcycle. The stock rose to $1,076.79 in trading, extending recent gains as broader markets reacted positively to the prospect of a potential peace agreement between the United States and Iran.
Micron Technology Inc (NASDAQ:MU) is up 9.5% to trade at $1,075.51, enjoying broader tech tailwinds amid several analyst price-target hikes.
Micron (MU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Micron will be releasing its Q3 on Wednesday, June 24. Ahead of the release, shares are sitting just off new highs after gaining nearly 30% over the past month. The gains follow continuing investor enthusiasm for AI and Micron's top-tier positioning and positive outlook.
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.