MU is trading at $392.44 (+3.36%) as major Wall Street firms raised price targets following news of a complete high-bandwidth memory (HBM) supply 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 rebounded sharply from yesterday's 7.99% decline, with analysts highlighting Micron's dominant position as one of only three global HBM manufacturers.
- The company now has record revenue visibility through 2026, supported by its critical role in the AI infrastructure supply chain.