Micron (MU) Stock: Jumps 5% as AI Memory Shortage Fuels Strong Buy Forecast
TLDR
- Micron stock gained about 5% and traded near $905.
- Micron can currently meet only about half of data center customer demand.
- Tight HBM and advanced DRAM supply is expected to continue into 2027.
- The average Wall Street MU price target stands at $1,569.07.
- Analystsโ targets range from $1,100 to $2,200, with 29 Buy ratings and one Hold.
Micron Technology stock jumped about 5% on Thursday, extending its rebound toward the $900 level as investors focused on tight memory-chip supply and strong demand from artificial intelligence data centers. MU stock recently traded around $905 after falling sharply from its June record high of $1,255.
Source: KnockOutStocks
The rebound comes as Micron says demand for advanced memory remains well above available supply. The company told investors this week that it can currently satisfy only about half of data center customer demand, with tight conditions for high-bandwidth memory and advanced DRAM expected to continue into 2027.
AI Data Center Demand Keeps Micron Memory Supply Tight
Micron executives said at the KeyBanc Technology Leadership Forum that customers continue to seek more memory capacity than the company can provide. AI servers require large amounts of high-bandwidth memory, giving Micron another source of demand alongside traditional computing and mobile markets.
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