Micron Technology shares surge as AI-driven memory demand fuels rally
Micron Technology's stock has risen dramatically, gaining about 304% through June 30 2026 before slipping roughly 20% after a July sell‑off. The company manufactures both DRAM and NAND memory chips, positioning it to benefit from soaring AI‑related demand. Management announced an investment exceeding $10 billion for fiscal 2027 to expand high‑bandwidth memory (HBM) and DRAM capacity.
Analysts’ average 12‑month price target for Micron is $1,569.29, with a range of $1,100‑$2,200, and some forecast the share price could reach $1,875 by the end of 2027. The firm reported a fourth‑quarter revenue increase of about four times year‑over‑year and an adjusted net profit more than thirteen times higher.
Industry peers, including Samsung Electronics, posted record earnings and warned that memory supply shortages will persist through 2028, reinforcing optimism in the sector. Micron’s share price also jumped 18% in a single session amid the broader market rally.
Entities: HBM · Micron Technology · Nvidia · SK Hynix · Samsung Electronics · SanDisk Corp. · Sandisk · Trevor Jennewine
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Micron Technology's stock rose about 304% through June 30, 2026. (Evidence)
- [● 2 SOURCES] Micron plans to invest more than $10 billion in fiscal 2027 to expand HBM and DRAM capacity. (Evidence)
- [○ 1 SOURCE] Analysts' average 12‑month price target for Micron is $1,569.29 per share, with a range of $1,100‑$2,200. (Evidence)
- [○ 1 SOURCE] SanDisk's stock rose roughly 858% through June 30, 2026. (Motley Fool analysis)
- [○ 1 SOURCE] Micron manufactures both DRAM and NAND memory chips; SanDisk produces only NAND. (Motley Fool analysis)
- [○ 1 SOURCE] Analyst Trevor Jennewine expects Micron's share price to reach $1,875 by the end of 2027. (The Motley Fool analyst)
- [○ 1 SOURCE] Since July 2026, Micron Technology's share price fell about 20% and SanDisk's fell over 35%. (Motley Fool analysis)
- [○ 1 SOURCE] Micron reported a fourth‑quarter revenue increase of about four times year‑over‑year and adjusted net profit more than thirteen times higher. (Evidence)
- [○ 1 SOURCE] Micron Technology's shares jumped 18% in a single trading day. (Evidence)
- [○ 1 SOURCE] Samsung Electronics' operating profit grew 1,814% and its revenue reached a historic high in FY2026. (Evidence)
- [○ 1 SOURCE] Micron manufactures both DRAM and NAND memory chips, while Sandisk produces only NAND. (Evidence)
- [○ 1 SOURCE] Samsung forecasts that memory supply shortages will continue through 2028. (Evidence)