Micron Technology's Stock Soars 250% Amid AI Demand Surge
Micron Technology's stock has surged 250% since September, driven by escalating demand for high bandwidth memory (HBM) for AI and a shortage of DRAM memory chips, leading to significant price increases and expanded gross margins. Analysts have raised earnings expectations, with the company planning to invest $20 billion in capital expenditures for fiscal 2026 to further capitalize on AI growth. Despite potential industry cyclicality, market confidence remains strong, with discussions around Micron potentially reaching a $1 trillion valuation.
https://intellectia.ai/news/stock/micron-technologys-stock-soars-250-amid-ai-demand-surge