Micron (MU) jumped 6% to about $790, testing a 52-week high near $818, as Deutsche Bank lifted its price target to $1,000. The turnaround is driven by a surge in DRAM revenue, up 207%, and total revenue rising to $23.86 billion. Despite the run, MU trades at a forward P/E of 12—half the sector’s median—raising the question: will momentum last or fade fast?
Micron shares surged 14% to fresh highs around $742 after a major semiconductor rally in 2026. The move signals more than earnings: AI data centers are driving heavy demand for DRAM, HBM, and NAND, turning memory chips from cyclical commodities into core digital infrastructure. Investors increasingly view MU as a linchpin for AI, cloud, and next-gen servers.
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