Micron Technology stock soars on AI memory shortage and fresh investor buying

Micron Technology's shares have risen more than 270% this year as demand for DRAM and NAND memory spikes amid the AI boom. The shortage has pushed memory prices higher, fueling the company's revenue growth and prompting analysts to project double‑digit earnings gains. Micron plans to bring a new manufacturing facility in Idaho online by mid‑2027 while expanding other sites, positioning it to benefit from continued data‑center investment.

Institutional investors are increasing their stakes. Comprehensive Financial Planning Inc. bought 1,956 Micron shares in the fourth quarter, raising its holding to 3,401 shares worth about $971,000. Several other firms, including High Note Wealth, Elevation Wealth Partners, and Steigerwald Gordon & Koch, also added modest positions. Insider activity showed CEO Sanjay Mehrotra selling 37,439 shares worth roughly $36 million, while other executives reduced their holdings.

Analysts maintain bullish outlooks, with price targets ranging from $330 to $1,000 and ratings from “buy” to “outperform,” underscoring expectations that the stock could double by the end of 2026 if demand and earnings continue to accelerate.