Micron’s stock jumps on strong HBM memory demand for AI data centers, with supply sold out through 2026 and profits rising sharply.
Micron (MU) shares climbed 20.8% today, extending a 12-month gain of over 860% to $96, driven by surging demand for high-bandwidth memory (HBM) chips used in AI systems. The rally reflects tight supply, with Micron selling out much of its 2026 HBM production as AI data center construction accelerates.
The company’s revenue and profits have surged as AI memory chips command premium pricing. Analysts project sustained demand through 2028, positioning Micron alongside Nvidia as a critical supplier for AI infrastructure. HBM chips act as short-term memory for AI processors, enabling faster data processing.
Investors are betting on long-term growth, with Micron’s stock outperforming broader tech indices. The company’s role in AI memory supply chains has become a key catalyst for its valuation.