William Blair initiated coverage of Micron Technology (MU) with an Outperform rating, citing a significant memory supercycle driven by AI demand imbalances expected to last through 2027.

  • Analyst Sebastien Naji forecasts massive HBM revenue growth of 164% in 2026, followed by 40% growth in 2027.
  • The firm expects adjusted EPS to quadruple over the next two years, primarily due to rising memory prices.
  • MU stock traded at $395.74, up 1.70% intraday, amid broader gains in the semiconductor sector.