Micron Technology's Stock Soars 260% Amid AI Demand Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14h ago
0mins
Source: Fool
- Surging Market Demand: Micron Technology's stock has surged over 260% in the past 12 months, reflecting a dramatic increase in AI-driven memory demand, which is expected to continue growing and solidifying its market position.
- High-Bandwidth Memory Outlook: Micron projects that the total addressable market for high-bandwidth memory (HBM) will rapidly expand from $35 billion last year to approximately $100 billion by 2028, with a compound annual growth rate of about 40%, indicating strong market potential.
- Supply-Demand Imbalance Impact: The CEO stated that HBM supply may not keep pace with demand, with this imbalance likely persisting beyond 2026, which could drive prices higher and enhance the company's profitability.
- Analyst Rating Discrepancies: Despite 37 out of 43 analysts rating Micron as a
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 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 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.
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 399.650
Low
235.00
Averages
336.12
High
500.00
Current: 399.650
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 Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
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.
