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Story summary
- Micron Technology's stock rose 7.5% on January 2, 2026 after Mark Li, Bernstein analyst, set a $330 price target.
- Micron's Q1 2026 results boosted the rally, with revenue up 56% to $13.6 billion and earnings per share (EPS) up 175% to $4.60.
- Sanjay Mehrotra, CEO of Micron Technology, highlighted record revenue and margins.
- Li forecasts DRAM prices to rise 20% to 25% in Q2 2026, driven by AI and data centers.
