Micron Stock Rockets Toward $420 on Explosive AI Memory Demand and Record Q3 Guidance
· Source: ibtimes.com.au
In short
Micron Technology shares surged over 3% to around $420, driven by strong demand for AI memory products and record fiscal quarter guidance. The company reported a 196% revenue increase in Q2 2026, driven by high-bandwidth memory sold out through 2026 and expects even higher revenue and margins in Q3. Micron's advancements in high-performance AI memory, including HBM4 shipments for NVIDIA, position it as a key player in the AI supply chain amid tight industry supply.
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Tags: memory, AI, HBM, semiconductor, Tech, supply