At $880, Micron Technology (NASDAQ:MU | MU Price Prediction) looks priced for perfection, with the risk/reward skewed to the downside.
Barclays raised its price target on Micron (NASDAQ: MU) from $675 to $1,175 on Wednesday, May 27, reiterating its ‘Overweight' rating on the technology company just as its stock surged 20%.
MU tops a $1T valuation as booming AI demand and chip shortages lift memory and storage stocks like WDC, SNDK and STX.
Boise, Idaho based memory chip maker – Micron Technology – saw its stock market value hit $1 trillion on May 26 – after doubling in 48 days, according to the Wall Street Journal.
Micron Technology (MU) surged 19.3%, surpassing a $1T market cap, driven by relentless AI-driven demand for memory chips. UBS raised MU's price target to $1,625, reflecting optimism for further upside amid sector-wide strength and investor rotation into semiconductors.
United States House Representative Ro Khanna has missed out on significant profits after selling shares of Micron Technology (NASDAQ: MU) shortly before the chipmaker staged one of the strongest rallies in the semiconductor sector this year.
The frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.
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