Since the new year began, shares of memory juggernaut Micron (NASDAQ:MU) have started to look toppy, with shares falling into two separate corrections (of around 13-15%) in the first quarter.
Palantir and Micron ride the AI boom as AIP adoption, surging cloud memory demand and tight HBM supply fuel rapid revenue growth and strong outlooks.
Shares of Micron Technology climbed sharply at the start of the week as investors weighed bullish analyst commentary against reports of intensifying competition in the artificial intelligence memory market. Micron stock rose 5.1% on Monday and gained another 6.4% on Tuesday to trade at $414.25.
SanDisk (NASDAQ:SNDK) stock and Micron Technology (NASDAQ:MU) stock are both surging again on Tuesday, each climbing 5% to 6% in midday trading.
MU jumps 51% in three months as AI-driven memory demand fuels explosive revenue and EPS growth, while the stock still trades far below the sector's average P/E.
I doubled down on Micron in April 2025. That investment has generated ~460% returns in under a year. MU has recently started shipping samples of its new product, which I think will prove to be a catalyst for further growth and returns for shareholders. MU's new 256GB LPDRAM module delivers industry-first performance and power efficiency, positioning it for first-mover advantage in hyperscaler adoption.
Micron Technology ( NYSE:MU ) has delivered stunning returns for investors who got in early.
Micron Technology, Inc. is set to report Q2 2026 earnings with high expectations for a double beat, supported by DRAM prices potentially surging 70% this quarter. AI-driven demand has exceeded global supply capabilities, forcing customers into prepayment arrangements to secure raw materials, which significantly strengthens Micron's near-term pricing power. MU's HBM supply for 2026 is fully sold under locked agreements, de-risking revenue and positioning the company for potential guidance upgrades.
TipRanks compiles some of the best stocks to own amid the current volatility, according to the Street's top analysts.
Micron Technology shares fell on Friday as weakness in South Korean memory names weighed on sentiment and US investors awaited February jobs data. The moves come as US stocks remained in the red amid the Iran conflict, while South Korean memory giants Samsung Electronics and SK Hynix also declined on the Korea Exchange.
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