Micron Surpasses $1 Trillion Market Cap as Stock Soars
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 hours ago
0mins
Source: NASDAQ.COM
- Milestone Market Cap: Micron Technology has surpassed a market cap of $1 trillion, joining the ranks of the 'Magnificent Seven' and chip peers like Broadcom and Taiwan Semiconductor, highlighting its robust position in the semiconductor industry.
- Stock Surge: Following UBS's price target hike to $1,650, Micron's stock jumped 19.3% on Tuesday and topped $900 on Wednesday, nearing $1,000, reflecting strong market optimism regarding its future performance.
- Strong Earnings Outlook: Analysts project Micron's revenue to soar by 194% this fiscal year to $110 billion, with an additional 58% growth expected in fiscal 2027, indicating that the company will continue to perform well amid demand outpacing supply.
- Split Speculation Intensifies: As the stock approaches $1,000, calls for a stock split are growing, which would make shares more accessible to retail investors and signal management's confidence in future price increases.
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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: 928.410
Low
235.00
Averages
336.12
High
500.00
Current: 928.410
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.
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- Live Webcast and Replay: The call will be webcast live on Micron's Investor Relations website, with replays available for approximately one year post-call, ensuring that investors who cannot attend live can still access the information.
- Company Overview: Micron Technology is an industry leader in innovative memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR memory products, driving advancements in the data economy and supporting progress in AI and compute-intensive applications.
- Technological and Market Impact: Micron's technological innovations not only enhance customer experiences but also create new opportunities across data centers and intelligent edge applications, underscoring its significant position in the rapidly evolving tech market.
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- Long-Term Contract Advantage: To meet hyperscale customer demands, Micron is utilizing long-term agreements that lock in chip supply volumes and partial price protections, ensuring stable revenue streams that reduce inventory write-down risks and enhance capital expenditure planning effectiveness.
- AI-Driven Market Stability: Unlike previous cyclical volatility, the continuous demand for high-bandwidth memory in AI infrastructure provides Micron with a stable demand floor, allowing it to secure a critical position in a competitive market and further solidify its market share.
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- Demand and Supply Gap: During its latest earnings call, Micron's management indicated they can currently meet only 50% to 66% of medium-term demand, leading to soaring memory chip prices and highlighting production constraints within the industry.
- Future Growth Forecast: Wall Street expects Micron's revenue to grow by 193% for fiscal year 2026 and 57% for fiscal year 2027, providing a robust foundation for the company's future valuation.
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- Earnings Call Announcement: Micron Technology has announced it will hold its fiscal Q3 earnings conference call on June 24, 2026, at 2:30 PM Mountain Time, aimed at providing investors and analysts with updates on financial performance and business developments.
- Live Webcast and Replay: The call will be webcast live on Micron's Investor Relations website, with replays available for approximately one year post-call, ensuring that investors who cannot attend live can still access the information.
- Company Overview: Micron Technology is an industry leader in innovative memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR memory products, driving advancements in the data economy and supporting progress in AI and compute-intensive applications.
- Technological and Market Impact: Micron's technological innovations not only enhance customer experiences but also create new opportunities across data centers and intelligent edge applications, underscoring its significant position in the rapidly evolving tech market.
See More
Micron Technology Leads AI Infrastructure Revolution
- Market Demand Shift: Micron Technology's significant growth over the past year indicates that memory chip demand is no longer constrained by traditional cyclical fluctuations, particularly as AI infrastructure demand rises, enhancing the company's position in the semiconductor industry.
- Long-Term Contract Advantage: To meet hyperscale customer demands, Micron is utilizing long-term agreements that lock in chip supply volumes and partial price protections, ensuring stable revenue streams that reduce inventory write-down risks and enhance capital expenditure planning effectiveness.
- AI-Driven Market Stability: Unlike previous cyclical volatility, the continuous demand for high-bandwidth memory in AI infrastructure provides Micron with a stable demand floor, allowing it to secure a critical position in a competitive market and further solidify its market share.
- Analyst Outlook: UBS analyst Timothy Arcuri raised Micron's price target from $535 to $1,625, indicating strong market confidence in Micron's long-term growth potential in the AI-driven memory market, suggesting that the company's profitability will continue to strengthen in the future.
See More
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- ETF Launch Performance: The Roundhill Memory ETF launched on April 2, amassing $6.5 billion in assets under management within its first 27 trading days, marking the fastest ETF launch in history and reflecting strong market confidence in AI memory demand.
- Portfolio Composition: Approximately 75% of the ETF is invested in three major memory stocks, including South Korea's SK Hynix and Samsung Electronics, along with U.S.-based Micron Technology, providing concentrated exposure to the global memory market and enhancing investor participation.
- Shifts in Market Demand: As AI workloads increase, the demand for DRAM and high-bandwidth memory has surged, granting memory manufacturers unprecedented pricing power and driving structural growth across the entire memory industry.
- Investment Risks and Opportunities: While a portion of the ETF's holdings is obtained through total return swaps and leveraged derivatives, which may amplify losses during market corrections, it still offers investors a convenient way to engage in the rapid growth of AI hardware.
See More
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- Rapid ETF Launch: The Roundhill Memory ETF launched on April 2, amassing $6.5 billion in assets under management within its first 27 trading days, marking the fastest ETF launch in history and reflecting strong market confidence in AI memory demand.
- Concentrated Portfolio: Approximately 75% of the ETF's investments are concentrated in three memory stocks: South Korea's SK Hynix and Samsung Electronics, along with U.S.-based Micron Technology, highlighting a heavy reliance on these key manufacturers and enhancing investor market participation.
- Structural Demand Shift: As AI workloads increase, memory demand is shifting from cyclical commodities to sustained structural growth, with DRAM and HBM chips becoming essential for supporting large AI models, granting unprecedented pricing power to memory manufacturers.
- Risk and Reward: The ETF enhances returns through total return swaps and leveraged derivatives, which can amplify losses during market corrections; however, its structure still provides investors with a convenient way to access foreign equities, making it suitable for those seeking targeted exposure in the booming AI hardware sector.
See More
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- Stock Performance: Micron Technology's stock has surged from approximately $90 to $750 over the past year, reflecting a remarkable increase of over 733%, showcasing its strong performance in the memory chip market and high investor confidence.
- Surging Market Demand: With artificial intelligence driving massive memory capacity needs, Micron anticipates its total addressable market for high-bandwidth memory chips to expand from $35 billion in 2025 to $100 billion by 2028, indicating significant growth potential in the coming years.
- Financial Expectations: Wall Street forecasts a 193% revenue growth for Micron in fiscal year 2026, with a 57% growth expected in fiscal year 2027, which could propel its stock price to $1,850 by the end of fiscal 2027, and potentially exceed $2,000 by the end of 2027.
- Valuation Potential: Despite Micron's current price-to-earnings ratio of 13, the market remains cautious about its valuation; however, if the demand for memory chips continues to rise, Micron could achieve a premium valuation, enhancing its investment appeal.
See More
Micron Anticipates Tripling Market Size by 2028
- Market Size Projection: Micron anticipates its total addressable market for high-bandwidth memory chips will expand from $35 billion in 2025 to $100 billion by 2028, allowing the company to capitalize on elevated memory chip prices amid significant growth.
- Demand and Supply Gap: During its latest earnings call, Micron's management indicated they can currently meet only 50% to 66% of medium-term demand, leading to soaring memory chip prices and highlighting production constraints within the industry.
- Future Growth Forecast: Wall Street expects Micron's revenue to grow by 193% for fiscal year 2026 and 57% for fiscal year 2027, providing a robust foundation for the company's future valuation.
- Valuation Potential: If Micron achieves a 20 times forward P/E ratio in fiscal 2027 and grows earnings at the same rate as revenue (57%), its stock price could reach $1,850 by the end of fiscal 2027, with a potential to exceed $2,000 by the end of 2027, indicating strong investment potential.
See More
