MU is trading at $379.18 (+3.9%), extending gains fueled by strong underlying AI demand and recent record Q1 fiscal 2026 earnings.
- The move aligns with the broader market rebound (S&P 500 up 0.38%, Nasdaq up 0.29%) following yesterday's tariff-driven selloff.
- Recent Q1 earnings (Dec 17, 2025) reported $13.6B revenue and $4.78 non-GAAP EPS driven by AI demand in cloud memory.
- Analysts maintain a bullish outlook, seeing further upside to $500 based on the AI-fueled rally and fab expansion.