Micron Technology stock continued its rapid ascent on January 22, 2026. Shares approached the $400 per share milestone. The upward momentum reacts to strategic initiatives capitalizing on booming AI memory demand.
Analysts attribute the rally to a January 17, 2026, announcement. Micron intends to acquire a chip fabrication plant in Taiwan. The $1.8 billion acquisition aims to boost DRAM output.
The company reported strong fiscal Q1 2026 earnings in December 2025. Micron confirmed it is sold out of high-bandwidth memory (HBM) for all of 2026. This performance fueled investor optimism and prompted analyst price target upgrades.