Micron Rockets Higher as AI Memory Supercycle Heats Up

Micron ( (MU) ) has risen by 10.17%. Read on to learn why.

Micron shares climbed 10.17% over the past week as investors doubled down on the memory-chip maker’s central role in the AI boom. The rally has been fueled by mounting evidence that the industry is in a “memory supercycle,” with prices for DRAM and high‑bandwidth memory (HBM) surging on the back of unprecedented demand from AI data centers. That demand is spilling into PC and mobile markets, tightening supply across the board and lifting expectations for Micron’s revenue and profits in the coming quarters.

Analysts have raced to upgrade their models and targets in response. HSBC’s Ricky Seo recently lifted his price target on Micron to a Street‑high $500 while reiterating a Buy rating, citing rapidly rising DRAM prices and a deepening supply shortage that he expects to last through year‑end. Separately, William Blair’s Sebastien Naji initiated coverage with a Buy and a $450 target, arguing that access to high‑performance memory has become a critical bottleneck in AI systems and positioning Micron as one of the key global suppliers poised to benefit.

Despite Micron’s powerful run and the fact that the stock now trades slightly above the average Wall Street price target, sentiment remains strongly positive, with a consensus rating of Strong Buy. Bulls point to Micron’s growing exposure to HBM used in AI GPUs and accelerators, where the company is seen as a leading player and is forecast to deliver explosive revenue and earnings growth into 2027. While risks remain—from heavy capital spending to intensifying competition from rivals like Samsung—investors are increasingly treating Micron as a core way to play the next leg of AI‑driven growth, helping to underpin this week’s 10.17% gain.