🟢 Micron is trading 3.49% up today driven by continued DRAM shortage and strong analyst upgrades

MU is trading at $411.45 (+3.49%) as the memory chip maker extends its rally amid persistent semiconductor supply constraints, following HSBC's decision to raise its price target.

• HSBC raised its price target to $500 on Friday, citing rapid DRAM price increases and strong demand from AI data center applications.
• The firm projects Q2 operating profit of $12 billion (up 88% QoQ) and full-year fiscal 2026 operating profit of $51 billion (up 368% YoY).
• Growing demand for server DRAM and enterprise SSD storage driven by AI inferencing is creating supply shortages that support strong pricing power through year-end.