Micron Technology (MU) shares rose on May 20, 2026. The stock opened with a 4.14% gain following renewed optimism for AI infrastructure spending. Melius Research, Citigroup, and Mizuho all raised their price targets for the company.
Analysts reported that Micron’s high-bandwidth memory capacity for 2026 is entirely sold out. Binding contracts now secure the company's total output for that year. These tightening supply conditions and sustained demand for AI hardware drove the positive sentiment.
External factors further boosted investor confidence as a potential strike at competitor Samsung Electronics threatened global supply. Internally, Micron reached a tentative wage agreement with its employees to avert a strike at its own facilities. This combination of operational stability and favorable market conditions strengthened the company's outlook.