Micron Technology IncMU
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Micron Technology IncMicron Stock Extends Winning Streak on Strong AI Memory Demand
Price Action
Micron Technology shares climbed about 5% Thursday, extending a three-session rebound as investors continued to focus on AI-related memory demand. The rally comes as Micron remains exposed to strong demand for high-bandwidth memory and data-center storage, with the company saying its HBM4 ramp is progressing and AI workloads are increasing demand across memory products. At the same time, Micron faces a developing competitive issue in NAND, as Counterpoint Research data showed Yangtze Memory Technologies Co. captured 14% of global NAND shipments in the second quarter, putting it ahead of Micron in unit volume, although its revenue position remained lower because of its product mix. Micron's next earnings report could provide a fresh test of the AI-driven demand outlook, with market estimates currently pointing to fiscal fourth-quarter earnings of roughly $31 per share and the report expected on Sept. 29. Micron also continues to invest in higher-value memory products as AI infrastructure expands, with its latest company materials pointing to growing data-center demand and further HBM development heading into 2027.
Micron Technology Inc