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Micron Shares Soar as AI Demand Fuels Revenue Surge

4/12/2026

Summary

Story summary

Micron Technology's shares have surged as AI-driven demand boosts memory prices, with fiscal Q2 revenue nearly tripling year over year and management forecasting another record quarter.
The stock could rise about 65% to around $700 in the next year, contingent on sustained demand and more long-term customer agreements.
Risks include oversupply from expanded manufacturing capacity, which could lower prices and earnings, while analysts expect fiscal 2028 earnings at $78.

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Story summary

Micron Technology's shares have surged as AI-driven demand boosts memory prices, with fiscal Q2 revenue nearly tripling year over year and management forecasting another record quarter.
The stock could rise about 65% to around $700 in the next year, contingent on sustained demand and more long-term customer agreements.
Risks include oversupply from expanded manufacturing capacity, which could lower prices and earnings, while analysts expect fiscal 2028 earnings at $78.