US Semiconductor Stocks Hit New Highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: stocktwits
- Micron's Surge: Micron Technology (MU) stock hit $818.67 on Monday, extending a six-week gain, reflecting strong investor confidence in AI-driven memory demand creating a semiconductor 'supercycle,' with a staggering 761% increase over the past 12 months.
- Intel's Optimism: Intel Corp. (INTC) shares reached $132.75 on Monday, buoyed by reports of a preliminary agreement with Apple to manufacture chips, marking a breakthrough in Intel's foundry ambitions, with a 480% rise in stock price over the last year.
- Everspin's Strong Performance: Everspin Technologies (MRAM) soared to $44.67 on Monday, driven by a strong Q1 earnings beat and a $40 million U.S. defense contract, with a remarkable 553% increase in stock price over the past year, showcasing the company's potential in the semiconductor sector.
- Market Sentiment Soars: Retail sentiment for all three companies on Stocktwits is in 'extremely bullish' territory, indicating that investor optimism surrounding memory chips and data center demand is driving a broader rally across the semiconductor industry.
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Analyst Views on MU
Wall Street analysts forecast MU stock price to fall
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 1133.990
Low
235.00
Averages
336.12
High
500.00
Current: 1133.990
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Micron Stock Soars 6% to New Highs Ahead of Earnings
- Stock Surge: Micron's stock jumped 6% to reach new highs ahead of its June 24 earnings report, indicating strong market confidence in its future performance.
- Analyst Upgrade: Needham raised its price target for Micron to a bullish $1,550, reflecting optimistic expectations regarding the company's profitability, which may attract more investor interest.
- Market Reaction: The significant stock increase not only boosts investor confidence but may also prompt other analysts to adjust their ratings, potentially driving the stock price even higher.
- Earnings Outlook: The upcoming earnings report will serve as a critical moment to test market expectations, and if results exceed forecasts, it could further propel the stock price and strengthen the company's competitive position in the semiconductor industry.
See More
Micron Technology's Optimistic Revenue Growth Outlook for 2026
- Revenue Growth Potential: According to TrendForce, the memory market is projected to reach $889.3 billion in 2026 and $1.28 trillion in 2027, indicating a structural expansion that will drive sustained earnings growth for Micron Technology.
- DRAM Market Outlook: Micron's DRAM revenue is expected to quadruple to $618.7 billion in 2026, and if it maintains a 20% market share, revenue from this segment could soar to $180 billion, significantly boosting overall company revenue.
- NAND Flash Market Opportunity: The NAND flash market is anticipated to grow by 280% to $270.6 billion in 2026, and if Micron captures 10% of this market by 2027, it could generate $38 billion in revenue, further enhancing its performance.
- Investment Value Realization: With a current price-to-sales ratio of 22, above the tech sector average of 8, Micron's robust revenue growth justifies this valuation, and its market cap could rise to $2.2 trillion in the next 18 months, representing a potential upside of 72%.
See More
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- Futures Decline: Nasdaq futures fell approximately 2% and S&P 500 futures dropped over 1%, reflecting the negative impact of the ongoing decline in large tech stocks on investor sentiment, which caused the South Korean Kospi index to plummet 10%, indicating high sensitivity to chip stocks.
- Qualcomm Acquisition Talks: Qualcomm is in advanced negotiations to acquire AI chip startup Modular for around $4 billion, aiming to enhance its offerings to better compete with Nvidia, indicating Qualcomm's strategic shift away from traditional handset reliance while challenging Nvidia's dominance in the software ecosystem.
- Micron and IBM Partnerships: Micron announced a new agreement with Anthropic, and despite an 8% drop in early trading, the deal is seen as mutually beneficial as Micron expands the use of Claude models, while IBM's partnership with OpenAI aims to enhance integration of AI enterprise security products.
- Upcoming Earnings Reports: Carnival Corp is expected to report a 6% revenue increase due to higher passenger volumes and ticket pricing, while Cerebras and FedEx's earnings reports are highly anticipated, with Cerebras aiming to convert its $24.6 billion order backlog into revenue and FedEx expected to show an 8.8% revenue increase.
See More
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- Market Value Decline: The Nasdaq 100 index is on track to erase over $1 trillion in market value, primarily due to the sharp declines in technology giants and chip stocks, reflecting growing concerns about the future economic outlook.
- SpaceX Market Cap Drop: SpaceX's market capitalization has fallen below $2 trillion for the first time, losing over $600 billion in the past three sessions, with a current valuation of $1.95 trillion, indicating a waning momentum from its post-IPO rally.
- Chipmakers Hit Hard: Intel and AMD saw declines of 6.8% and 5.2% respectively, while memory chipmakers like Micron and Western Digital also faced significant losses, highlighting the increasing risks associated with AI-related investments.
- Rate Hike Expectations Affect Sentiment: The market's expectation of a 50 basis point rate hike by the Federal Reserve has intensified, leading to a decrease in investor risk appetite for tech stocks, further exacerbating market volatility.
See More
Nasdaq Set for Worst Opening in Weeks Amid Tech Selloff
- Tech Stock Selloff: Nasdaq futures fell 2.7%, S&P 500 futures declined 1.5%, and Dow futures dropped 0.7%, indicating a bearish sentiment among investors as the ongoing selloff in megacap tech stocks weighs heavily on market confidence.
- Asian Market Reaction: The South Korean Kospi index triggered a circuit breaker due to reports of SK Hynix slowing its AI memory expansion, reflecting the spillover effects of the tech selloff into Asian markets and exacerbating global investor concerns.
- Economic Data Focus: Investors are awaiting the upcoming ADP Employment Report and S&P Global PMI Composite Flash, which will provide the latest insights into economic health and could influence future investment decisions.
- Stock Movements: SpaceX shares fell 4% in early trading amid plans to raise at least $20 billion in investment-grade debt to fund its AI ambitions, while Tesla faces federal scrutiny despite strong European delivery registrations, highlighting the market's heightened sensitivity to tech stock developments.
See More
Roundhill Memory ETF Drops 13% Amid Market Selloff
- Market Sentiment Shift: The Roundhill Memory ETF (DRAM) fell 13% amid a broader selloff in U.S. markets, indicating a shift in investor confidence from ‘neutral’ to ‘bullish’ regarding memory chip stocks after reaching record highs.
- Poor Individual Stock Performance: In premarket trading on Tuesday, SanDisk (SNDK) shares dropped 9.3%, Micron (MU) fell 8.4%, and both Seagate and Western Digital saw declines of over 7%, reflecting widespread weakness in the memory chip sector.
- Asian Market Impact: South Korea's Kospi index closed 10% lower on Tuesday, with SK Hynix and Samsung Electronics both sliding more than 12%, leading to a 20-minute trading suspension to prevent further market collapse, showcasing the panic spreading to Asian tech stocks.
- Investor Confidence Erosion: Despite a significant surge in memory chip stocks driven by AI demand over the past year, investor optimism regarding future growth is wavering, with discussions on whether the current pullback is a temporary blip or the onset of a correction period gaining traction.
See More
Micron Stock Soars 6% to New Highs Ahead of Earnings
- Stock Surge: Micron's stock jumped 6% to reach new highs ahead of its June 24 earnings report, indicating strong market confidence in its future performance.
- Analyst Upgrade: Needham raised its price target for Micron to a bullish $1,550, reflecting optimistic expectations regarding the company's profitability, which may attract more investor interest.
- Market Reaction: The significant stock increase not only boosts investor confidence but may also prompt other analysts to adjust their ratings, potentially driving the stock price even higher.
- Earnings Outlook: The upcoming earnings report will serve as a critical moment to test market expectations, and if results exceed forecasts, it could further propel the stock price and strengthen the company's competitive position in the semiconductor industry.
See More
Micron Technology's Optimistic Revenue Growth Outlook for 2026
- Revenue Growth Potential: According to TrendForce, the memory market is projected to reach $889.3 billion in 2026 and $1.28 trillion in 2027, indicating a structural expansion that will drive sustained earnings growth for Micron Technology.
- DRAM Market Outlook: Micron's DRAM revenue is expected to quadruple to $618.7 billion in 2026, and if it maintains a 20% market share, revenue from this segment could soar to $180 billion, significantly boosting overall company revenue.
- NAND Flash Market Opportunity: The NAND flash market is anticipated to grow by 280% to $270.6 billion in 2026, and if Micron captures 10% of this market by 2027, it could generate $38 billion in revenue, further enhancing its performance.
- Investment Value Realization: With a current price-to-sales ratio of 22, above the tech sector average of 8, Micron's robust revenue growth justifies this valuation, and its market cap could rise to $2.2 trillion in the next 18 months, representing a potential upside of 72%.
See More
Tech Giants Retreat Causes Market Turmoil
- Futures Decline: Nasdaq futures fell approximately 2% and S&P 500 futures dropped over 1%, reflecting the negative impact of the ongoing decline in large tech stocks on investor sentiment, which caused the South Korean Kospi index to plummet 10%, indicating high sensitivity to chip stocks.
- Qualcomm Acquisition Talks: Qualcomm is in advanced negotiations to acquire AI chip startup Modular for around $4 billion, aiming to enhance its offerings to better compete with Nvidia, indicating Qualcomm's strategic shift away from traditional handset reliance while challenging Nvidia's dominance in the software ecosystem.
- Micron and IBM Partnerships: Micron announced a new agreement with Anthropic, and despite an 8% drop in early trading, the deal is seen as mutually beneficial as Micron expands the use of Claude models, while IBM's partnership with OpenAI aims to enhance integration of AI enterprise security products.
- Upcoming Earnings Reports: Carnival Corp is expected to report a 6% revenue increase due to higher passenger volumes and ticket pricing, while Cerebras and FedEx's earnings reports are highly anticipated, with Cerebras aiming to convert its $24.6 billion order backlog into revenue and FedEx expected to show an 8.8% revenue increase.
See More
Nasdaq 100 Index Set to Lose Over $1 Trillion in Market Value
- Market Value Decline: The Nasdaq 100 index is on track to erase over $1 trillion in market value, primarily due to the sharp declines in technology giants and chip stocks, reflecting growing concerns about the future economic outlook.
- SpaceX Market Cap Drop: SpaceX's market capitalization has fallen below $2 trillion for the first time, losing over $600 billion in the past three sessions, with a current valuation of $1.95 trillion, indicating a waning momentum from its post-IPO rally.
- Chipmakers Hit Hard: Intel and AMD saw declines of 6.8% and 5.2% respectively, while memory chipmakers like Micron and Western Digital also faced significant losses, highlighting the increasing risks associated with AI-related investments.
- Rate Hike Expectations Affect Sentiment: The market's expectation of a 50 basis point rate hike by the Federal Reserve has intensified, leading to a decrease in investor risk appetite for tech stocks, further exacerbating market volatility.
See More
Nasdaq Set for Worst Opening in Weeks Amid Tech Selloff
- Tech Stock Selloff: Nasdaq futures fell 2.7%, S&P 500 futures declined 1.5%, and Dow futures dropped 0.7%, indicating a bearish sentiment among investors as the ongoing selloff in megacap tech stocks weighs heavily on market confidence.
- Asian Market Reaction: The South Korean Kospi index triggered a circuit breaker due to reports of SK Hynix slowing its AI memory expansion, reflecting the spillover effects of the tech selloff into Asian markets and exacerbating global investor concerns.
- Economic Data Focus: Investors are awaiting the upcoming ADP Employment Report and S&P Global PMI Composite Flash, which will provide the latest insights into economic health and could influence future investment decisions.
- Stock Movements: SpaceX shares fell 4% in early trading amid plans to raise at least $20 billion in investment-grade debt to fund its AI ambitions, while Tesla faces federal scrutiny despite strong European delivery registrations, highlighting the market's heightened sensitivity to tech stock developments.
See More
Roundhill Memory ETF Drops 13% Amid Market Selloff
- Market Sentiment Shift: The Roundhill Memory ETF (DRAM) fell 13% amid a broader selloff in U.S. markets, indicating a shift in investor confidence from ‘neutral’ to ‘bullish’ regarding memory chip stocks after reaching record highs.
- Poor Individual Stock Performance: In premarket trading on Tuesday, SanDisk (SNDK) shares dropped 9.3%, Micron (MU) fell 8.4%, and both Seagate and Western Digital saw declines of over 7%, reflecting widespread weakness in the memory chip sector.
- Asian Market Impact: South Korea's Kospi index closed 10% lower on Tuesday, with SK Hynix and Samsung Electronics both sliding more than 12%, leading to a 20-minute trading suspension to prevent further market collapse, showcasing the panic spreading to Asian tech stocks.
- Investor Confidence Erosion: Despite a significant surge in memory chip stocks driven by AI demand over the past year, investor optimism regarding future growth is wavering, with discussions on whether the current pullback is a temporary blip or the onset of a correction period gaining traction.
See More
