Micron Technology stock reached a record high of $472.02 on April 22. Strong investor confidence in the AI sector and bullish analyst reports drove the rally. Firms providing positive coverage include Goldman Sachs, Morgan Stanley, and KeyBanc. Micron is also lobbying the U.S. Congress for legislation targeting Chinese chip rivals.
The company maintains a dominant position in the high-bandwidth memory market for AI accelerators. Micron’s HBM supply is sold out through 2026. Broader advanced memory capacity is fully booked through 2027. Analysts project a 605% earnings increase for the company by 2026.