MU is trading at $391.08 (+3%) in pre-market as major Wall Street firms raised price targets following news of an HBM sellout through 2026.
- UBS ($475), Stifel ($550), Cantor Fitzgerald, and Deutsche Bank cited surging AI demand and memory shortages as primary growth drivers.
- The stock is rebounding from a -8% drop to $379.68 in the previous session, significantly outperforming the Nasdaq's +0.32% gain.