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Micron stock and SK Hynix were reacting to news China's CXMT could expand into flash memory.

Micron Technology, Inc. is a core beneficiary of the AI infrastructure boom, uniquely positioned as the only major American DRAM and HBM supplier. MU's transition from commodity DRAM to engineered, capacity-constrained High Bandwidth Memory has shifted its business model and underpinned recent outperformance. Despite a 548.75% twelve-month return and an A+ performance grade, MU exhibits high volatility, a D- safety grade, and is consolidating after a major run.

Chip stocks are staging a sharp rally on Thursday, continuing their comeback from a bruising selloff at the start of the week.

Micron Technology MU rose 6% Thursday as investors focused on its Sanand operation in Gujarat, where the memory-chip maker is expanding assembly and testing to serve rising demand for storage and memory tied to AI.

The facility is backed by about $2.75 billion from Micron and government partners. Commercial output began earlier this year, and Micron expects production to reach tens of millions of chips in 2026 before rising to hundreds of millions in 2027.

The site processes DRAM and NAND wafers from Micron's global manufacturing network and converts them into finished memory and storage products. Its first phase is planned to include more than 500,000 square feet of cleanroom space once fully ramped.

Chief Executive Sanjay Mehrotra said Micron plans to increase assembly and test activity at Sanand next year. The India project adds capacity to the company's worldwide assembly and test network and complements planned advanced manufacturing and packaging work in the United States.

Micron's expansion comes as AI infrastructure spending supports demand for higher-capacity memory and storage products.

Micron Technology Today

MU

Micron Technology

$981.24 +54.69 (+5.90%)

As of 11:19 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$154.65▼

$1,255.000.06%

22.19

$1,295.63

Enterprise artificial intelligence (AI) development has focused in recent years on graphics processing units. Building viable infrastructure, however, requires solving a physical challenge the semiconductor industry calls the memory wall. When large models run inference tasks across clustered computing racks, processors often sit idle while waiting for data to move across constrained memory channels.

To address this operational hurdle, Micron Technology NASDAQ: MU demonstrated the industry's first 512-gigabyte DDR5 high-density module for server platforms. The achievement highlights an evolving technological transition across enterprise computing while pointing to durable pricing strength across the broader memory ecosystem.

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Less Heat, More Speed: Ultra-Dense Modules Take the StagePhysical space, heat limits, and available power govern data center architectures. As software models expand into hundreds of billions of parameters, standard configurations struggle to keep working datasets resident in dynamic random-access memory, commonly called DRAM. When local capacity runs dry, servers must shuttle data to slower storage tiers, creating latency and inflating power consumption.

Micron Technology engineered its 512-gigabyte DDR5 registered dual in-line memory module, or RDIMM, using vertical three-dimensional packaging. By stacking DRAM dies connected by through-silicon vias (TSVs), the design achieves unprecedented density without expanding the physical server footprint. Operating at data rates up to 9,200 megatransfers per second, the hardware allows up to 12 terabytes of DDR5 DRAM inside a standard 24-slot dual-socket server.

Power efficiency represents the central commercial advantage. A single 512-gigabyte module consumes about 16.0 watts, compared to 44.2 watts for four standard 128-gigabyte modules providing equivalent density.

That design reduces operating power by more than 60%, removing a critical thermal barrier for facility managers. In memory-intensive enterprise tasks, including large-scale database queries and complex analytics workloads, performance testing reveals throughput gains of up to 1.4 times over previous 256-gigabyte configurations.

Major enterprise partners are already qualifying the hardware. Advanced Micro Devices NASDAQ: AMD and Intel NASDAQ: INTC are validating the modules across upcoming server platforms. Commercial institutions are also beginning to recognize that high-density memory is critical to balancing processing throughput against physical electricity constraints.

Wafer Wars: High-Bandwidth Demands Starve SupplySemiconductor investors often watch for traditional supply-demand swings in memory hardware. Past cycles often saw producers overbuild fabrication plants, flood distributors and trigger sharp margin erosion. Current manufacturing fundamentals reveal a very different landscape shaped by high-bandwidth memory, or HBM.

Producing HBM3e stacks for advanced accelerators, such as those made by NVIDIA NASDAQ: NVDA, requires roughly three times the raw silicon wafer starts of standard server DRAM. Intricate manufacturing steps and complex die stacking consume substantial cleanroom capacity. Every silicon wafer committed to high-bandwidth assemblies directly pulls manufacturing volume away from standard server modules.

This reallocation creates a tight supply environment. Industry models indicate memory undersupply extending through 2027 and into 2028. This pricing stability extends across the enterprise storage ecosystem. Western Digital NASDAQ: WDC has committed its enterprise hard drive capacity through 2026 under long-term binding agreements, proving that cloud providers are locking in critical data storage years ahead of deployment.

Micron Technology is backing this multi-year trend with long-term capital investment. The appointment of Deirdre Hanford, an industry leader with nearly four decades of semiconductor experience, to direct Micron Research Labs establishes a dedicated research framework. Backed by a planned $10 billion research commitment over 10 years, the initiative coordinates with a broader $250 billion domestic investment program to advance sub-one-nanometer processing and advanced packaging.

Bargain Bits: Fundamental Math Favors Patient CapitalMicron Technology shares trade near $930, up about 225% year to date from $285.84 at the start of the year. Despite this steady climb, the price remains roughly 26% below its 52-week high of $1,255.00, trading comfortably within its 50-day window of $739 to $1,027.77.

Micron Technology Stock Forecast Today12-Month Stock Price Forecast:
$1,295.63
39.83% Upside

Buy
Based on 38 Analyst Ratings

Current Price$926.55High Forecast$2,000.00Average Forecast$1,295.63Low Forecast$249.00Micron Technology Stock Forecast Details

Looking at the underlying fundamentals, valuation multiples have compressed rather than stretched. Micron Technology carries a forward price-to-earnings ratio of about 12.80, alongside a price-to-earnings growth ratio of around 0.58. A price-to-earnings growth ratio below 1.0 generally suggests that projected net income growth is outpacing the market price.

The balance sheet shows financial discipline, with a debt-to-equity ratio of about 0.05 and a current ratio of about 3.42. Operating cash flow sits near $15.32 per share, while net margins stand at 55.91% and return on equity reaches 71.13%.

These numbers reflect sustained execution. In the third quarter of fiscal year 2026, Micron Technology delivered earnings per share of $25.11, beating consensus expectations of $21.39 by $3.72, while revenue expanded roughly 346% from the prior year. The upcoming catalyst arrives on Sept. 30, 2026, when the firm reports fiscal fourth-quarter results. Wall Street consensus remains positive, with 35 analysts maintaining a Buy rating and an average price target of $1,295.63, with top-tier forecasts reaching $2,000.00.

Strategic Capital Placement in a Volatile Memory CycleEvaluating this operational environment requires recognizing specific industry risks. Volume production for the 512-gigabyte module is slated for the second half of 2027. Immediate financial performance will continue to depend on existing DDR5 and HBM3e shipments rather than this next-generation architecture.

A stock beta of about 2.22 indicates that share prices remain sensitive to wider market sentiment. In addition, regulatory filings show routine executive share sales under pre-arranged Rule 10b5-1 trading plans following the stock's significant appreciation over the past year.

Investors tracking semiconductor infrastructure may view the current consolidation range as an informative window into the company's long-term earnings power. Investors might consider accumulating positions in tranches ahead of the Sept. 30 earnings announcement, using structured position sizing to navigate normal sector volatility while participating in an expanding memory cycle.

Should You Invest $1,000 in Micron Technology Right Now?Before you consider Micron Technology, you'll want to hear this.

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Reports of Intel and SK Hynix teaming up to build memory chips in Ohio sent stocks surging across the sector, but the most revealing signal of the day has nothing to do with either company and everything to do with…

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Memory chip stocks are rallying Thursday morning after reports that Intel and SK Hynix are in early discussions about producing memory chips together on U.S. soil for the first time. The Roundhill Memory ETF (CBOE:DRAM) is up 4% to $57.67, suggesting a sector-wide response rather than a single-name repricing.

Intel (NASDAQ:INTC | INTC Price Prediction) stock is up 8% to $109.03 in Thursday morning trading. The move reflects a market bet that an anchor tenant is what finally turns Intel’s idle Ohio complex into a revenue line. For a broad tech-market contrast, the Invesco QQQ Trust (NASDAQ:QQQ) up 1.55% to $715.66.

Meanwhile, SK Hynix (NASDAQ:SKHY) stock is up 5% to $183.57. The Korean memory leader already dominates high-bandwidth memory, so a U.S. fab reads as insurance against tariffs and customer pressure rather than transformation for SK Hynix.

Ohio Talks Reignite Between Intel and SK Hynix Reuters reported on Wednesday, citing people familiar with the discussions, that SK Hynix and Intel are weighing two structures: a lease of part of Intel’s Ohio chipmaking complex, or a joint venture with Intel and major cloud computing firms to lock in memory supply. Neither company has confirmed a deal.

SK Hynix said it’s exploring options to strengthen global competitiveness and that nothing has been finalized. Intel declined to comment on what it called speculation, while restating its commitment to preparing the Ohio site. The two statements leave room for the talks to advance or fade.

Ohio’s project was announced as the world’s largest chipmaking complex, and its fabs have slipped years past the original schedule, leaving committed capital sitting idle. A tenant filling Ohio capacity would convert an idle plant into a revenue line for Intel. That’s the shift the Ohio angle is really about, and it’s why the reported talks moved Intel stock more than they moved SK Hynix stock.

SK Hynix already leads in high-bandwidth memory and has American assembly capacity coming in Indiana. However, fabricating memory in the United States costs more than assembling it, and one gating risk for SK Hynix sits in Seoul rather than in Ohio. Advanced memory can be classified in South Korea as national core technology, which triggers a government review of any transfer abroad.

The Micron Contradiction Micron Technology (NASDAQ:MU) stock is up 6% to $979.25. Micron is the only large memory maker headquartered in the United States, and federal subsidies under the CHIPS Act were built around that position.

If SK Hynix fabricates memory on American soil, Micron’s domestic advantage narrows, and the CHIPS Act premium built into the story starts to look less exclusive. Yet, Micron stock is rising more than SK Hynix stock today, which suggests the market is pricing memory scarcity and stronger group pricing ahead of any competitive consequence for Micron specifically.

That tension is the day’s most interesting signal for anyone watching the Intel and SK Hynix headline. The reported talks aren’t straightforwardly bullish for Micron, and traders are treating them as bullish because the underlying story is memory supply that can’t keep up with artificial intelligence demand. Scarcity trumps market share when both are pushing prices at once.

What to Watch Next on Intel and SK Hynix The bull case for Intel rests on a customer rather than on a product. One complication is that nothing has been confirmed by either party, and early talks about two different structures are not a signed agreement. Investors can watch for whether either Intel or SK Hynix moves past the “speculation” posture with a formal statement.

The South Korean national core technology review is the other clock hanging over any Intel and SK Hynix arrangement. Shareholders may want to keep an eye on whether Seoul signals its stance, since that process could delay a deal regardless of what Intel and SK Hynix agree between themselves.

Given how much of today’s move in Intel and SK Hynix is priced off an unconfirmed deal, investors should keep their positions sized for headline risk in either direction. A denial from Seoul or a competitive response defending Micron’s CHIPS Act footprint could unwind part of the rally quickly, and neither Intel nor SK Hynix has given the market a firm milestone to anchor to yet. Sizing exposure to Intel or SK Hynix on today’s move means accepting that the next headline could just as easily walk the story back as advance it.

Contact [email protected] for any questions or corrections.

Artificial intelligence (AI) stocks, leaders in this bull market over the past three years, weren't always cheap. In fact, during most of their time soaring, they were pretty expensive. Investors piled into AI stocks before the big wave of AI-driven earnings growth, and valuations climbed. These investors aimed to get in early on this technology that could revolutionize how the world operates and result in the revenue and profit of many companies exploding higher.

In more recent times, earnings of many AI companies have indeed surged, but at the same time, their stock prices have come down amid general market concerns and worries about the sustainability of AI spending.

As a result, certain compelling AI players are trading at bargain levels, even rivaling those of value stocks. The average forward price-to-earnings ratio for value stocks early this year was a little over 17, according to Siblis Research. The following three AI growth giants are trading close to that level or lower, making them look more like value stocks today. And considering that the long-term AI story continues to look bright, these players make excellent bargain buys right now.

Image source: Getty Images.

1. NvidiaYou might not expect a stock like Nvidia (NVDA +0.81%) to be dirt cheap. After all, the company has been driving the AI boom, furnishing customers with the graphics processing units (GPUs) that fuel crucial tasks. And thanks to the company's early presence in this market and focus on innovation, it's managed to keep its leading position.

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Meanwhile, Nvidia has broadened its products and services so that it offers a full portfolio to serve the AI customer. All of this has supercharged earnings growth, and we can see this in the latest quarter. The company's revenue and net income each rose in the triple digits to $96 billion and $59 billion, respectively.

Nvidia has seen its valuation tumble in recent months, with the stock now trading at 22x forward earnings estimates. That's down from more than 40x earlier this year. All of this makes Nvidia a buy that both growth and value investors may appreciate.

2. AlphabetAlphabet (GOOG -0.61%) (GOOGL -0.61%) might be most familiar to you thanks to its Google Search business. And that business happens to be the company's major revenue driver, as it brings in billions of dollars in advertising revenue.

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But in recent years, Alphabet has been flexing its AI muscles too, developing its large language model, Gemini, and offering this and other AI products and services to its Google Cloud customers. The Cloud business, driven by AI demand, reported an 82% increase in revenue to more than $24 billion in the most recent quarter. And Gemini hit one billion monthly active users, making it Alphabet's fastest-growing product ever.

Right now, Alphabet trades for only 16x forward earnings estimates, down from around 30x late last year. This makes it cheaper than the average value stock.

3. Micron TechnologyMicron Technology (MU -0.11%) is another monster stock in the AI space. When you think of powering AI, you may think of Nvidia's GPUs or other logic chips. But for key tasks like inference, or the thinking process AI agents go through to solve a problem, memory and storage chips are also critical tools. This is where Micron comes in, offering a variety of memory and storage solutions.

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And this has translated into explosive growth for Micron as well as incredible stock price performance. In the latest quarter, revenue advanced more than 300% to $41 billion, and this year Micron stock soared. The earnings growth is far from over, given the current memory shortage, and Micron has developed strategic customer agreements -- ensuring supply for customers and securing visibility into revenue growth for Micron.

Micron shares traded for 16x forward earnings just a few months ago, but today, this has dropped to only 6x, making this stock a fit for growth investors -- and even some value investors.

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Micron (NASDAQ: MU) has suffered significant losses in the past month, losing roughly 8.5% of its value in a broader chip-market selloff. Looking toward the company’s next earnings date, September 30, 2026, our machine learning algorithm believes the price is likely to fall further.

According to Finbold’s AI prediction agent, Micron will most likely change hands at $910.25 on September 30, having falled 1.74% from the reference price of $926.4 on press time, September 17.

Micron earnings date stock price prediction. Source: Finbold Machine learning algorithm predicts Micron stock price target on earnings date, September 30 The average price represents the combined predictions of three artificial intelligence (AI) models, namely DeepSeek Chat, Gemini 3.5 Flash, and ChatGPT-5.7 Luna. Notably, all three projected that the chipmaker will continue on its downward trend over the coming couple of weeks.

DeepSeek Chat sees a downside potential for 2.58% and has a Micron stock price target of $902.5 on September 30. Gemini 3.5 Flash and ChatGPT-5.7 Luna, on the other hand, predict the shares will drop to $912.5 and 915.75, respectively, which suggests a 1.15%-1.5% correction.

AI sets MU stock price target on September 30, 2026. Source: Finbold Short-term Micron stock outlook Despite the rough patch this month, Micron is still up roughly 193% year-to-date (YTD), and the stock appears inexpensive, trading at just 5.77 times estimated forward earnings.

On September 16, TD Cowen analysts even reiterated their “Buy” rating on Micron, saying shares could undergo a “rerating” as investors become more confident that the current memory-chip cycle can remain durable. In addition, they set a $1,600 price target based on a price-to-earnings multiple of 9 times their 2027 earnings estimate.

In the short-term, however, the next major catalyst is Micron’s upcoming earnings report, scheduled for September 30. TD Cowen analyst Krish Sankar expects shareholder returns to be a key focus of the earnings call, arguing management could authorize a share-buyback program in the low-$20 billion range.

However, the company would likely not begin repurchasing shares until December, so it remains to be seen how the potential announcement might affect share prices.

Featured image via Shutterstock

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SummaryMicron Technology, Inc. is becoming undervalued despite a 1300% return since my article from April 2025.MU has just announced the world's first 512 GB DDR5 module, which secures a first-mover advantage in high-performance, energy-efficient data center memory.Persistent memory shortages, forecast to last through 2030, provide multi-year revenue visibility and underpin MU's growth outlook.I expect MU's top line to grow by roughly 350% and bottom line by over 900%, with Wall Street consensus supporting high double-digit upside.MU's recent news just made the bull case stronger. I'm buying. vzphotos/iStock Editorial via Getty Images

Micron Technology, Inc. (MU) is one of my best investments ever. I'm especially happy that I doubled down in April 2025, because MU's valuation has skyrocketed since then with an over 1300% return.

But

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, NVDA, AMD, MSFT, AMZN, BAM, GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information, opinions, and thoughts included in this article do not constitute an investment recommendation or any form of investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Tight supply supports exceptional margins while making affordable phones and computers harder to manufacture. Summary

Micron’s pricing power risks shrinking demand downstream.

Micron Technology MU, the AI-memory and storage powerhouse, climbed approximately 0.6% to $933.35 Wednesday as the global memory squeeze showed little sign of easing. Reuters reported that smaller smartphone and laptop manufacturers are preparing for tight supply to persist through at least 2027, reinforcing the pricing power now flowing toward major memory producers such as Micron.

The shortage is becoming painful enough to change how device makers operate. Some manufacturers are redesigning circuit boards, locking in noncancelable orders and even extending the life of older memory components simply to secure supply. Fairphone's CEO said memory can represent nearly 60% of the component cost of a roughly $400 handset. At that point, getting the chips matters more than bargaining over a few dollars. Micron sits on the favorable side of that equation as customers compete for constrained DRAM and NAND capacity.

The economics are already showing up in Micron's numbers. Its Mobile and Client business generated $11.52 billion, roughly 27.8% of last quarter's revenue, while companywide gross margin reached 84.6%. The valuation picture, however, is much hotter: the chart shows Micron at $933.35 versus a GF Value™ estimate of $636.82, leaving the shares 46.56% above that benchmark. Memory scarcity is delivering extraordinary economics, but the higher the stock climbs above estimated fair value, the more investors are betting those extraordinary conditions can last.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Signals from chart price action to analysts' sentiment point to another massive run for Micron NASDAQ: MU stock. While headwinds and hurdles such as market angst, profit-taking, and repositioning weigh on price action today, long-term trends suggest at least another 100% upside. The hurdle in September is the broad call to slow down AI’s advancement.

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Micron Is Well-Positioned for AI’s Virtuous CycleThe news reads as a red flag, but it's also a red herring—the alarm over runaway models obscures who actually stands to gain when AI's advance stalls.

As scary as the advancement of uncontrollable models may be, it’s not the models that AI companies are worried about. In this scenario, slowing AI’s advancement—cough cough, pausing training of the most expensive models—is what the market needs, as it would reduce the high upfront costs of AI, enabling hyperscalers to monetize the infrastructure in place, improve cash flow, and reassure investors while affirming an ability to continue the spend. Regarding regulation, as MarketBeat writer Chris Markoch likes to put it, what more could AI companies ask for than the government installing roadblocks for startups and widening their moat?

Micron Technology Today

MU

Micron Technology

$930.26 +2.66 (+0.29%)

As of 01:22 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$154.65▼

$1,255.000.06%

21.09

$1,295.63

For Micron, this means continued, persistent demand for its high-bandwidth memory (HBM) products. The biggest risk is an anticipated earnings cliff tied to capacity expansion and price normalization. Memory chip stocks command premium pricing in 2026, which is a central factor in Micron’s results and earnings outlook.

The market gets this wrong: this isn’t a legacy-style memory cycle in which demand spikes, peaks, and retreats, undermining pricing power, but the early stages of a long-running trend in which datacenter demand and inference keep prices elevated. The worry is that efficiency gains reduce how much memory each query needs. But efficiency isn't the memory killer. Rather, efficiency makes inference more affordable, and affordability drives demand, increasing queries and the need for memory.

Micron Winds Up for Big Move, Technicals Point to $1,600-$2,400 RangeMicron’s chart price action is very bullish. The market has rallied strongly over the trailing 12 months, rising almost $800, or 500%, and it also crossed an inflection point, creating a price gap later confirmed as support.

The weekly chart shows a robust rally and consolidation range, likely signaling continuation. The critical details are the magnitudes of the range and rally, which approach $400 and $800. These are the projections for future price action, assuming a fresh high is set, putting the technical price targets at $1,600 and $2,400.

Among the more bullish technical factors is the MACD convergence. MACD convergence signals a strengthening market that is likely to retest existing highs and move on to new ones. The technical risk is that price will top out near the existing highs, but earnings and analyst trends suggest otherwise.

Micron’s analyst trends are as bullish as they’ve been for the last two years. MarketBeat’s data reveals steady, firm coverage with 38 analysts showing strong conviction. They rate MU with a consensus of Buy, with 92% Buy-side bias, and the price target trend is upward. Consensus forecasts a move to $1,295, a 40% upside as of mid-September, sufficient to set a fresh high. More importantly, the trend leads to a consensus-or-better price point, with the high end at $2,000, more than 100% upside and within the technical targets.

Capacity Constraints to Continue: HBM Prices Aren’t Going to Fall SoonThe catalyst for MU stock is capacity constraints. The market focuses on expansion plans but fails to understand that capacity increases aren’t expected to significantly impact supply until at least late next year, and that market tightness is likely to linger through 2028 or longer. More aggressive forecasts suggest that market tightness will persist into 2031, and there are numerous reasons to believe them.

Not only is the DRAM market neglecting its legacy business and building shortfalls in non-AI markets, but system-wide HBM demand will only increase. Advanced Micro Devices NASDAQ: AMD isn’t using MU for its MI-450’s but does use HBM, more than NVIDIA NASDAQ: NVDA, in fact, and its sales are expected to explode over the subsequent few quarters, keeping HBM supplies tight.

If investors need further proof, they need only look at Micron’s backlog and commitments. As it stands, the company has over $100 billion in logged orders, capacity is sold out through 2027, and it will likely sell out through the end of 2028 soon. Commitments include 16 major long-term supply contracts with set pricing, providing visibility. In the words of CEO Sanjay Mehrotra, demand exceeds capacity by approximately 50%. In this environment, there is no reason to think the HBM market will crash anytime soon. Acceleration is more likely.

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Micron Technology (MU +0.45%) is poised to release its fiscal 2026 fourth-quarter results on Sept. 30, and the market will be eagerly awaiting its report to understand the health of the memory industry.

After all, the strong demand and tight memory supply have been driving stunning growth in Micron's revenue and earnings in recent quarters. The rapid increase in memory prices has led to a big jump in Micron stock over the past year, and the sustainability of that rally will be put to the test when the company releases results.

However, the good news for Micron investors is that the comments from Nvidia (NVDA +1.31%) and SK Hynix, two key players in the artificial intelligence (AI) ecosystem, suggest that Micron's impressive growth is here to stay. Let's see why.

Image source: Micron Technology.

Nvidia and SK Hynix point toward further hikes in memory prices When Nvidia released its fiscal 2027 second-quarter results last month, the company remarked that memory price hikes are here to stay. The semiconductor bellwether expects margin pressure due to higher component costs, especially memory. According to Nvidia CFO Colette Kress:

As you are already aware, we are experiencing extreme pricing conditions in memory. The magnitude of the price increase has exceeded our prior expectations and are headed even higher into next year.

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Nvidia expects its gross margin to drop over the next couple of quarters. It expects a slight improvement in the next fiscal year, driven by higher chip prices. So, Nvidia management's comments indicate that Micron's primary catalyst -- strong memory pricing -- isn't going anywhere.

Similarly, South Korean memory giant SK Hynix expects the memory shortage to worsen next year. The company estimates that memory demand could outstrip supply beyond 2030, even as it brings more capacity online. In fact, Korean investment firm KB Securities estimates that SK Hynix is sitting on memory inventory of just 10 days.

Additionally, the aggressive jump in hyperscalers' capital spending on AI infrastructure suggests that memory demand will remain robust. Nvidia, for instance, estimates that the capex of the top five hyperscalers could increase to $1.3 trillion in 2027, up from $800 billion this year.

So, there is a strong chance Micron's quarterly numbers will exceed expectations, as the severe memory shortage is likely to send prices even higher. Moreover, the tight demand-supply environment bodes well for Micron's fiscal 2027 guidance.

Micron's valuation makes it a no-brainer buy Micron's revenue in fiscal 2027, which has just begun, is poised to increase by 88% to $244.5 billion, according to consensus estimates. Its earnings per share, meanwhile, could jump by 112% to $156.07. However, don't be surprised to see Micron's fiscal Q1 guidance suggesting stronger growth rates due to the reasons discussed above.

Moreover, Micron is trading at just 6.6 times forward earnings. Ideally, it shouldn't be trading at such a steep discount given its phenomenal earnings growth. The S&P 500 index, for comparison, has a forward earnings multiple of 21. So, I won't be surprised to see this AI stock taking off after Sept. 30 on account of stronger-than-expected numbers and guidance, as Micron's ability to clock consistently strong growth could inflate its valuation.

Cidel Asset Management Inc. grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,468 shares of the semiconductor manufacturer’s stock after purchasing an additional 778 shares during the period. Micron Technology makes up 1.1% of Cidel Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. Cidel Asset Management Inc.’s holdings in Micron Technology were worth $23,626,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in shares of Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the period. Bellevue Asset Management LLC grew its stake in Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its stake in shares of Micron Technology by 0.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after purchasing an additional 14 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on MU shares. Bank of America raised their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Raymond James Financial lifted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upped their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a report on Monday, June 22nd. Finally, Wells Fargo & Company boosted their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.

View Our Latest Stock Report on MU Insider Transactions at Micron Technology In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by insiders.

Key Micron Technology News Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron demonstrated what it describes as the world’s first 512GB DDR5 RDIMM across multiple server platforms. The module reaches speeds of up to 9,200 MT/s and uses more than 60% less operating power than four 128GB modules, strengthening Micron’s position in data-center memory and AI infrastructure. Micron ultra-dense memory module announcement Positive Sentiment: Strong AI-related memory demand remains the core bullish argument. Analysts and industry commentary point to tight DRAM supply, high-bandwidth memory demand, planned capacity expansion and potentially extended shortages, supporting Micron’s revenue and pricing outlook. Micron AI memory cycle analysis Positive Sentiment: Micron appointed semiconductor veteran Deirdre Hanford to lead Micron Research Labs. The facility is backed by a planned $10 billion, decade-long investment focused on memory, compute architectures, advanced packaging and manufacturing, potentially supporting longer-term technology leadership. Micron Research Labs leadership announcement Neutral Sentiment: Commentary remains bullish, with some analysts and Jim Cramer supporting substantially higher price targets. However, these opinions are not new company guidance and depend on continued AI spending, strong memory pricing and successful execution. Jim Cramer Micron thesis Negative Sentiment: A Taiwan union representing Micron workers is keeping strike preparations alive while demanding a permanent profit-sharing arrangement. A labor disruption at a major manufacturing hub could create production delays, higher costs or additional uncertainty during a supply-constrained period. Reuters report on Micron Taiwan labor dispute Negative Sentiment: Recent warnings from AI leaders calling for slower development triggered a broader technology selloff and renewed questions about future hyperscaler spending. Although infrastructure demand may remain intact, any reduction in AI capital expenditures would threaten Micron’s high-growth memory outlook and elevated valuation. AI concerns affecting semiconductor stocks Micron Technology Stock Up 0.4% Shares of Micron Technology stock opened at $927.60 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.05 trillion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.58 and a beta of 2.22. The business has a fifty day simple moving average of $928.01 and a 200 day simple moving average of $764.35. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Micron Technology Company Profile (Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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While investors assess whether a potential slowdown in artificial intelligence development could weaken demand for chips and data-centre infrastructure, Bank of America analyst Vivek Arya is taking a longer-term view, forecasting a sharp expansion in the semiconductor industry over the coming years.

Arya expects the total addressable market for the semiconductor industry to reach $3.2 trillion by 2030, compared with an estimated $1.7 trillion this year, MarketWatch reported.

He sees memory chips and data-centre demand leading the expansion, alongside recoveries in the automotive and industrial sectors.

The bullish long-term outlook comes after a volatile week for semiconductor stocks, as concerns about the pace of AI development triggered a sharp selloff before the sector partially recovered.

AI demand remains resilientInvestors have recently worried that companies such as Anthropic and OpenAI could reduce hardware spending if they slow the development and training of large language models.

Arya, however, said he sees little evidence of an immediate deterioration in demand.

The BofA analyst said he sees "no signs of slowing" in customer orders, long-term agreements, supply commitments and chip pricing despite recent market jitters.

In a note to clients, Arya said next year "remains much a fully booked/contracted year" for providers of computing power, networking components and memory chips.

He also expects 2028 to "remain tight" as demand continues to absorb available capacity.

That outlook suggests that any moderation in the pace of AI model development may not immediately translate into weaker semiconductor demand, particularly given existing commitments for computing and infrastructure.

The semiconductor sector came under heavy pressure on Monday after AI industry leaders warned about potentially existential risks from the technology, raising concerns about the sustainability of the infrastructure boom.

The Philadelphia Semiconductor Index dropped more than 5%, while major chipmakers including Nvidia, Advanced Micro Devices and Micron fell sharply.

The selling extended to semiconductor equipment companies such as Lam Research and Applied Materials, while tech utility company Bloom Energy also experienced significant moves.

The sector regained some ground on Tuesday, with the Philadelphia Semiconductor Index closing 0.4% higher.

Arya expects the semiconductor sector could remain "range-bound" in the near term, with the US midterm elections and broader macroeconomic conditions likely to influence trading.

Against that backdrop, he expects "greater resilience" from AI and analog chipmakers as well as networking companies.

Arya sees memory demand as one of the major drivers of the semiconductor industry's longer-term expansion.

"Memory-chip shortages and price inflation remain a critical lever behind industry growth upside," Arya wrote.

He also sees "a brighter outlook" for traditional and AI server manufacturers as demand for computing infrastructure continues to grow.

Once semiconductor momentum strengthens, Arya expects Micron Technology, Intel and equipment makers Lam Research and Applied Materials to lead the sector.

The PHLX Semiconductor Index has already gained about 56% this year.

Yet Arya argues that semiconductor stocks remain relatively attractive compared with growth stocks more broadly.

"Semis still screen attractively relative to growth," Arya said, pointing to the sector's valuation relative to its expected profit growth.

He noted that semiconductors are trading at a lower valuation than the S&P 500 despite significantly stronger anticipated earnings growth.

The bullish outlook extends beyond chipmakers to the companies supplying the equipment needed to manufacture semiconductors.

Arya raised his expectations for the total addressable market for wafer-fabrication equipment to $156 billion this year and $210 billion next year.

The increase reflects growing demand for wafers used to produce both logic and memory chips.

By the end of the decade, Arya sees the wafer-fab equipment industry potentially reaching $360 billion in revenue, supported by new generations of chip-manufacturing technology and expanding clean-room capacity for memory and storage components.

For investors, the projections point to a semiconductor industry whose growth could extend well beyond the current AI cycle.

While the sector may remain volatile in the near term as markets digest questions over AI spending, higher borrowing costs and macroeconomic risks, Arya's longer-term outlook rests on several sources of demand.

Memory shortages, expanding data-centre infrastructure, recovering automotive and industrial markets and continued advances in chip manufacturing could collectively drive the industry's total addressable market from $1.7 trillion this year to $3.2 trillion by 2030.

Workers are threatening a strike just as demand for AI memory remains strong. Summary

Micron workers in Taiwan could move toward a strike vote

Micron Technology Inc. (MU, Financials), a major manufacturer of memory chips used in standard artificial intelligence (AI) systems and other gadgets, is confronting a new labor risk at one of its most critical manufacturing sites.

A union for workers at Micron's Taoyuan facility in Taiwan said it may call for a strike vote if talks on September 18 and 21 do not make sufficient progress. Timing is unfortunate for Micron.

“The demand for high bandwidth memory used in AI infrastructure is still strong and Taiwan plays an important role in the company's DRAM and HBM production.

The union is asking Micron to implement a permanent scheme to share 15 percent of operating profit with workers globally.

Micron has already paid bonuses to more than 60,000 workers following what company dubbed a “extraordinary year.” Employees in Taiwan employed before Aug. 29, 2025 who are eligible will get a cash incentive of T$1 million, or about $31,500.

Workers think it is not enough. They want a permanent profit sharing scheme not a one time payout. The dispute is of significant scope. Two of the unions in mediation represent more than 80% of Micron's 15,000 or so employees in Taiwan.

Investors definitely have Sept. 18 and 21 on the calendar. If negotiations go through, the labor conflict might become a production risk at just the worst period in the AI memory cycle.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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BOISE, Idaho, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced the appointment of Deirdre Hanford as corporate vice president and president of Micron Research Labs, the company’s flagship long-horizon research institution. She will establish its research infrastructure, operating model and partnerships while defining a research agenda that extends across Micron, academia, government, startups and the broader industry ecosystem.

Micron Research Labs, announced in August 2026, is a global research institution headquartered in Boise, Idaho, and backed by Micron’s planned $10 billion investment over the next decade. As the first dedicated memory research hub of its kind in the U.S., it is connected to Micron’s research and technology footprint across the U.S., Europe, Japan, India, Singapore and Taiwan, with work spanning critical memory process technologies, future memory and compute architectures, advanced packaging and next-generation semiconductor manufacturing. Micron Research Labs builds on Micron’s previously announced U.S. investment plan of more than $250 billion in both manufacturing and R&D, expected to create 90,000 American jobs.

“Micron Research Labs was created to pursue the breakthroughs that will define the future of memory, compute and AI, and Deirdre is uniquely qualified to lead that mission,” said Scott DeBoer, president and chief technology and products officer of Micron Technology. “She combines deep semiconductor industry expertise with a proven ability to build partnerships, inspire collaboration and turn ambitious ideas into lasting impact.”

Hanford brings extensive semiconductor industry experience, ecosystem relationships and public-private collaboration expertise central to Micron Research Labs’ mission. Her appointment, following a comprehensive search, marks the transition of Micron Research Labs from launch toward execution, building on the company’s research momentum and reinforcing Micron’s position at the forefront of long-horizon memory and AI innovation. 

“Micron Research Labs has both scale and long-term commitment,” said Deirdre Hanford, corporate vice president and president of Micron Research Labs. “We look forward to fostering innovation by enabling experienced and next-generation researchers whose ideas will shape future technologies and markets.” 

Hanford most recently advised leading organizations across semiconductors, electronic design automation, national defense and AI. She previously led a national effort to strengthen U.S. semiconductor research and workforce development. Her career spans semiconductor innovation, secure microelectronics, public-private research strategy and industry partnerships. She spent 37 years at Synopsys, where she helped scale the company into a global leader in electronic design automation and semiconductor design intellectual property. Her roles there included chief security officer, co-general manager of the Design Group and executive vice president of customer engagement.

She previously served on the board of directors of Cirrus Logic and currently serves on the UC Berkeley College of Engineering Advisory Board, the MIT School of Engineering Dean’s Advisory Council and the SEMI Board of Industry Leaders. She received the 2025 IEEE Frederik Philips Award for visionary leadership in electronic design automation for secure and energy-efficient microelectronics.

Hanford will advance Micron Research Labs’ research charter, pursuing foundational technologies and scientific questions that extend well beyond today’s product roadmaps. As a member of DeBoer’s Innovation, Technology and Products leadership team, she will connect that research to priorities across Micron while deepening collaborations with universities, research institutions and technology partners worldwide.

About Micron Technology, Inc.

Micron Technology, Inc. is a global leader in semiconductor memory and storage, powering AI and compute-intensive applications from cloud to edge. With a relentless focus on our customers, technology and product leadership, and manufacturing and operational excellence, Micron’s comprehensive portfolio of high-performance DRAM, NAND and NOR solutions deliver the speed, efficiency, and scale today’s workloads demand, accelerating intelligence to enrich life for all. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2026 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Product and Technology Communications Contact:
Mengxi Liu Evensen
+1 (408) 444-2276
[email protected]

Micron Investor Relations Contact:
Satya Kumar
+1 (408) 450-6199
[email protected]

The new server module doubles Micron's previous capacity milestone while preserving speeds reaching 9,200 MT/s. Summary

Micron is attacking AI’s memory bottleneck with density as well as bandwidth.

Micron Technology MU, the memory and storage semiconductor manufacturer, gained approximately 1.3% to $936.60 Tuesday morning after unveiling a new 512-gigabyte DDR5 server memory module. The move offered investors some relief after Monday's 5.3% slide, when broader worries around the pace of AI development pressured semiconductor stocks.

Micron's latest module pushes DDR5 capacity to twice the 256GB product it began sampling in May, while delivering speeds of up to 9,200 megatransfers per second. That matters because bigger memory modules can keep more data closer to server processors and reduce unnecessary data movement across increasingly demanding AI workloads. DDR5 is not a substitute for the high-bandwidth memory used beside AI accelerators, but it is another piece of the infrastructure stack Micron is trying to monetize as data-center systems become more memory-intensive.

The valuation picture is much hotter than the product announcement alone. The chart shows Micron at $936.60 versus a GF Value™ estimate of $635.23, leaving the shares 47.44% above that benchmark. Micron generated $41.46 billion of fiscal third-quarter revenue and $18.3 billion of adjusted free cash flow, so investors are already pricing in enormous AI-driven earnings power. The next test is execution: this 512GB module needs platform qualifications, real server deployments and meaningful volume before it can justify adding another layer of growth to a stock already trading far above its GF Value™ estimate.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

Key Takeaways Micron is the better investment bet, combining stronger near-term growth with a much lower valuation.Micron's HBM4 revenues topped $1 billion, while 2027-2028 HBM demand exceeds its supply capacity.AMD's Data Center revenues jumped 107.3% to $6.72 billion, but its premium valuation raises the execution bar. Micron Technology (MU - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) are two major U.S. semiconductor companies benefiting from the rapid expansion of artificial intelligence (AI) infrastructure. While Micron supplies high-bandwidth memory (HBM) and storage that help AI systems handle massive amounts of data, Advanced Micro Devices provides AI accelerators and CPUs (Central processing Units) that power data centers.

While both companies are seeing strong momentum from AI-led semiconductor spending, their growth potential, profitability and valuation levels vary. Amid this scenario, investors must be wondering which AI semiconductor stock offers the better investment opportunity now.

Micron: AI Memory Demand Powers Robust GrowthMicron delivered exceptional third-quarter fiscal 2026 results, supported by strong demand across its data center portfolio. Third-quarter revenues surged 346% year over year to $41.46 billion, while non-GAAP earnings per share (EPS) rose to $25.11 from $1.91 a year earlier. Data center revenues exceeded $25 billion, putting the business on an annualized run rate of more than $100 billion. Operating cash flow reached $25.39 billion, more than five times the year-ago level.

Micron's HBM business is becoming an increasingly important growth driver. On its last earnings call, the company stated its HBM4 12-high ramp is progressing twice as fast as the HBM3E 12-high ramp, while HBM4 revenues have already surpassed $1 billion. Management also indicated that HBM demand for 2027 and 2028 is well above the company's ability to supply.

Another major positive is Micron's new Strategic Customer Agreements (SCAs). It has signed 16 SCAs, generally covering five years, with the agreements representing about 20% of DRAM volume and one-third of NAND volume over their terms. Out of the 16 agreements, 14 carry minimum-price commitments representing approximately $100 billion of cumulative revenues.

The main concern is that Micron remains exposed to memory-market cycles. Its exceptionally high margins could eventually decline if industry supply catches up with demand. At the same time, the company is increasing investment to expand capacity.

In the fourth quarter of fiscal 2026, management projects capital expenditure of around $10 billion, bringing full-year fiscal 2026 capital spending to approximately $27 billion. It also expects capex in every quarter of fiscal 2027 to be above fiscal fourth-quarter levels, with more than half of the year-over-year increase coming from construction capex. These investments are aimed at long-term demand, but they create execution and timing risk. Construction spending will not produce bits immediately, which could limit free cash flow flexibility if demand fluctuates or pricing weakens.

AMD: AI Compute Opportunity Supports Strong GrowthAdvanced Micro Devices also reported strong second-quarter 2026 results. Revenues climbed 50.1% year over year to $11.54 billion, while non-GAAP EPS jumped 246% to $1.66. AMD generated $2.36 billion in cash from continuing operations and $1.56 billion in free cash flow during the quarter.

The Data Center segment remains its biggest growth engine. Data Center revenues soared 107.3% year over year to $6.72 billion, driven by strong EPYC CPU and Instinct graphics processing unit (GPU) demand. Data Center accounted for 58% of total company revenues in the quarter.

Advanced Micro Devices has several important AI catalysts. AMD is ramping up its Instinct GPUs and Helios rack-scale platform, while its partnerships with major AI customers are expanding. Anthropic plans to deploy up to 2 gigawatts of MI450 GPUs in Helios systems, while Microsoft is expanding its use of Helios and EPYC processors across Azure.

Advanced Micro Devices expects server revenues to increase more than 80% year over year in the second half of 2026 and more than 70% for full-year 2027. It also expects Data Center revenues to more than double in 2027.

However, Advanced Micro Devices faces a tougher competitive landscape from NVIDIA and Intel in AI accelerators. It must continue expanding the ROCm (Radeon Open Compute) software ecosystem and execute smoothly as large Helios deployments ramp up. The company has previously stated that data center AI margins are somewhat below AMD's corporate average, making product mix important for future profitability.

MU vs. AMD: Which Has a Better Growth Profile?Both companies will benefit from the surging demand for AI chips, but Micron’s growth profile appears stronger in the near term. The Zacks Consensus Estimate for MU’s current fiscal 2026 revenues and EPS indicates a year-over-year surge of 246.8% and 791%, respectively. For fiscal 2027, the top and bottom lines are projected to grow 91.5% and 113.7%, respectively.

By contrast, estimates for Advanced Micro Devices’ 2026 point to more modest 45.8% revenue growth and a 79.4% EPS increase. For 2027, the top and bottom lines are projected to rise 64.7% and 96.2%, respectively.

Valuation: MU Has a Major Advantage Over AMDThe biggest difference between the two stocks is valuation. Micron trades at a P/E multiple of 5.81 compared with 39.27 for AMD.

Image Source: Zacks Investment Research

This means investors are paying substantially less for Micron's earnings despite its shares having a substantially higher return than Advanced Micro Devices. MU shares have surged 224.9% year to date, while AMD has gained 131.1%.

Image Source: Zacks Investment Research

Advanced Micro Devices' higher valuation multiple reflects its significant AI GPU and CPU opportunity, strong Data Center growth and potential for further market-share gains. However, the premium valuation also raises the execution bar. AMD needs to deliver substantial earnings growth to justify its multiple.

Conclusion: Micron Is the Better Investment Bet TodayBoth Micron and Advanced Micro Devices are well-positioned to benefit from the expanding AI infrastructure market. AMD offers impressive long-term growth opportunities in CPUs and AI accelerators, while MU is becoming increasingly critical to the AI ecosystem through HBM, DRAM and advanced storage products.

However, Micron appears to be the better investment option right now. The company is benefiting from powerful supply-demand dynamics, record profitability, strong pricing trends and accelerating AI memory demand. When combined with its much lower valuation multiple, MU provides a more compelling combination of growth potential and value for investors seeking exposure to the AI semiconductor boom.

Micron carries a Zacks Rank #2 (Buy), making it a clear winner over Advanced Micro Devices, which has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Baird Financial Group Inc. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 19.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,749 shares of the semiconductor manufacturer’s stock after selling 54,266 shares during the quarter. Baird Financial Group Inc.’s holdings in Micron Technology were worth $252,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new position in Micron Technology in the 2nd quarter valued at approximately $752,000. One Charles Private Wealth Services LLC bought a new position in shares of Micron Technology in the second quarter valued at $246,000. XY Planning Network Inc. acquired a new position in shares of Micron Technology during the second quarter valued at about $683,000. Arizona State Retirement System grew its holdings in shares of Micron Technology by 1.5% during the second quarter. Arizona State Retirement System now owns 312,924 shares of the semiconductor manufacturer’s stock valued at $361,205,000 after buying an additional 4,555 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Micron Technology by 3.4% during the second quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer’s stock worth $44,116,000 after acquiring an additional 1,249 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance Shares of NASDAQ:MU opened at $924.03 on Tuesday. The company’s fifty day moving average price is $928.22 and its 200-day moving average price is $760.84. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. Micron Technology, Inc. has a one year low of $154.65 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 EPS. The firm’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.

Insider Transactions at Micron Technology In other news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 177,204 shares of company stock worth $182,156,264. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears Wall Street Analyst Weigh In Several research analysts recently issued reports on MU shares. Barclays lifted their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target for the company in a research report on Friday, August 14th. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Bank of America upped their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $1,295.63.

Check Out Our Latest Stock Report on MU

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

Read More Five stocks we like better than Micron Technology Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down

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IFP Advisors Inc raised its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 31.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,479 shares of the semiconductor manufacturer’s stock after buying an additional 3,908 shares during the quarter. IFP Advisors Inc’s holdings in Micron Technology were worth $19,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Montgomery Financial Services LLC bought a new stake in Micron Technology in the 2nd quarter valued at about $38,000. JNBA Financial Advisors grew its position in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the last quarter. Ramsey Quantitative Systems bought a new position in Micron Technology in the 2nd quarter worth about $46,000. RHL Group LLC acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $47,000. Finally, Philadelphia Investment Partners LLC acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears Micron Technology Price Performance Shares of Micron Technology stock opened at $924.03 on Tuesday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $928.22 and its two-hundred day moving average price is $760.84. Micron Technology, Inc. has a 52 week low of $154.65 and a 52 week high of $1,255.00. The stock has a market cap of $1.04 trillion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22. Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the firm posted $1.91 EPS. The business’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Analysts Set New Price Targets MU has been the subject of several analyst reports. Barclays boosted their price objective on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. DA Davidson lifted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Morgan Stanley boosted their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,295.63.

View Our Latest Research Report on Micron Technology

Insider Activity at Micron Technology In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by corporate insiders.

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

Read More Five stocks we like better than Micron Technology Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

MLG Wealth Management DBA Pine Grove Financial Group purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 698 shares of the semiconductor manufacturer’s stock, valued at approximately $806,000.

Other institutional investors also recently added to or reduced their stakes in the company. Range Advisory LLC raised its holdings in shares of Micron Technology by 80.2% in the second quarter. Range Advisory LLC now owns 3,504 shares of the semiconductor manufacturer’s stock valued at $4,044,000 after buying an additional 1,559 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Micron Technology by 16.6% during the second quarter. Brown Lisle Cummings Inc. now owns 211 shares of the semiconductor manufacturer’s stock worth $244,000 after buying an additional 30 shares during the last quarter. Cornerstone Financial Management LLC grew its holdings in shares of Micron Technology by 30.2% during the second quarter. Cornerstone Financial Management LLC now owns 302 shares of the semiconductor manufacturer’s stock worth $349,000 after buying an additional 70 shares during the last quarter. Formuepleje A S acquired a new position in Micron Technology in the 2nd quarter valued at about $58,876,000. Finally, Tucker Asset Management LLC increased its position in Micron Technology by 28.7% in the 2nd quarter. Tucker Asset Management LLC now owns 1,430 shares of the semiconductor manufacturer’s stock valued at $1,651,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance Shares of NASDAQ:MU opened at $924.03 on Tuesday. Micron Technology, Inc. has a 52 week low of $154.65 and a 52 week high of $1,255.00. The company has a 50-day moving average price of $928.22 and a 200 day moving average price of $760.84. The company has a market cap of $1.04 trillion, a P/E ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year. Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Activity In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears Analysts Set New Price Targets A number of analysts have weighed in on MU shares. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. Bank of America lifted their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a research note on Monday, June 22nd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $1,295.63.

View Our Latest Stock Analysis on Micron Technology

Micron Technology Profile (Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

Featured Stories Five stocks we like better than Micron Technology Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Sterling Investment Advisors Ltd. purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 651 shares of the semiconductor manufacturer’s stock, valued at approximately $752,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MU. One Charles Private Wealth Services LLC purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $246,000. XY Planning Network Inc. purchased a new position in Micron Technology during the 2nd quarter worth $683,000. Arizona State Retirement System grew its stake in Micron Technology by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 312,924 shares of the semiconductor manufacturer’s stock worth $361,205,000 after buying an additional 4,555 shares during the last quarter. Empirical Finance LLC grew its stake in Micron Technology by 3.4% during the 2nd quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer’s stock worth $44,116,000 after buying an additional 1,249 shares during the last quarter. Finally, Nykredit A S acquired a new position in Micron Technology during the 2nd quarter valued at about $350,886,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance Shares of MU stock opened at $924.03 on Tuesday. The business has a fifty day moving average of $928.22 and a 200 day moving average of $760.84. Micron Technology, Inc. has a 1 year low of $154.65 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.62 and a beta of 2.22.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year. Micron Technology Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 1.36%.

Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears Insider Transactions at Micron Technology In related news, Director Lynn Dugle sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott Allen sold 879 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes A number of equities research analysts have commented on MU shares. Citigroup decreased their price target on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Rosenblatt Securities boosted their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. UBS Group restated a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,295.63.

Check Out Our Latest Research Report on Micron Technology

Micron Technology Profile (Free Report)

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

Featured Articles Five stocks we like better than Micron Technology Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.