MU

Micron Technology's stock price has experienced significant upward momentum over the past six months, rising 144.7% over six months and 466.6% over twelve months as of October 10, 2026, largely driven by surging demand for High Bandwidth Memory (HBM) fueled by AI infrastructure build-out. Key events include strong fiscal 2026 fourth-quarter earnings on September 30, with record revenue of $54.23 billion and non-GAAP EPS of $33.42, exceeding expectations, and robust guidance for fiscal Q1 2027. AI-driven demand for memory and persistent supply constraints in both DRAM and NAND are expected to continue beyond calendar 2026, contributing to higher pricing. Micron has entered into Strategic Customer Agreements (SCAs), committing over 75% of its fiscal 2027 output, which provides better demand visibility. In October 2026, Micron settled patent disputes with Netlist, agreeing to pay $600 million over five years for a license to relevant patents. On October 7, 2026, a union at Micron's Taoyuan operations in Taiwan authorized a strike over a bonus dispute, though the stock recovered, suggesting limited investor concern about major disruption. Analysts have upgraded Micron to a "Buy" rating and significantly raised price targets, citing strong AI-driven demand and growth trajectory.