Micron Technology Shares Surge 247%, Tapping into AI Market Opportunities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Stock Performance: Micron Technology's shares have surged 247% over the past 12 months, and while the current price may seem high, historical cyclicality in the memory chip market must also be considered.
- AI Infrastructure Investment: Spending on AI infrastructure is projected to reach trillions over the long term, and as AI workloads shift from training to inferencing, substantial growth in high-capacity, fast memory will be required.
- Revenue Growth: Micron's revenue jumped 57% year-over-year in the recent quarter, with analysts projecting record memory demand to boost earnings per share from $8.29 in fiscal 2025 to $32.30 in fiscal 2026.
- Sustainable Growth Potential: Although Micron's low price-to-earnings multiple reflects historical earnings volatility, the rise of AI may create a more sustainable growth path, with the stock potentially doubling while still trading at 20 times this year's earnings estimate, indicating its attractiveness as a growth stock.
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
26 Buy
3 Hold
0 Sell
Strong Buy
Current: 345.870
Low
170.00
Averages
228.21
High
325.00
Current: 345.870
Low
170.00
Averages
228.21
High
325.00
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.




