Micron's Stock Is Up 861% Over the Past Year. These Analysts See 30% Upside From the Current Price. - Yahoo Finance

Micron Technology has seen its stock price surge by 861% over the past year, emerging as a standout performer in the artificial intelligence (AI) stock market. Despite this dramatic rise, several anal... Read original →

Micron’s 861% stock surge reflects real AI-driven demand for HBM, not speculation. Technically, HBM3E and upcoming HBM4 are straining advanced packaging capacity—especially TSMC’s CoWoS in Taiwan, China—creating upstream bottlenecks. On compliance, U.S. export controls compel Micron to reconfigure its Xi’an fab toward test/packaging, eroding cost advantages in commodity DRAM. Facing Samsung and SK hynix’s HBM yield lead, Micron is locking in NVIDIA GB200 supply deals to secure premium positioning. Over the next 12–24 months, even if legacy DRAM cycles dip, AI-optimized memory will sustain gross margins above 50%. However, geopolitical friction may push hyperscalers toward multi-sourcing, capping Micron’s pricing power despite structural demand tightness.