Micron Stock Forecast: MU Hits Record High on AI Boom
Tech Micron Stock Forecast: MU Hits Record High on AI Boom to an all-time high on May 26, climbing as much as 22.89% during trading before closing up 19.29% at $895.88 per share. The rally pushed the companys market capitalization above $1 trillion for the first time, placing it alongside Wall Street giants such as Eli Lilly and Berkshire Hathaway. As of overnight trading, shares continued climbing to $920.62 after investors extended bullish bets on the AI memory chip leader. The explosive rally followed two major catalysts: the launch of Micron‘s new $2 billion manufacturing facility in Virginia and a massive increase in UBS’s Wall Street price target. AI Memory Demand Sends Micron Higher Microns rally reflects growing investor confidence in the artificial intelligence infrastructure boom, which continues driving unprecedented demand for high-performance memory chips. AI systems require enormous amounts of ultra-fast memory to process and train large-scale models. That demand has created supply shortages across the semiconductor industry, especially for advanced DRAM products. Micron now sits directly at the center of that trend. The companys new Manassas, Virginia, facility officially entered full-scale operations this week. The 1-alpha DRAM manufacturing site supports industries including automotive, aerospace, defense, networking, industrial systems, and medical devices. The expansion forms part of Microns broader