Overview
- Micron shares set a new peak of $472.02 Wednesday, rising about 4.7% on the day and 540% over the past year.
- The latest jump followed Micron’s push for the MATCH Act, a bill that would tighten export rules so advanced chipmaking tools are harder for Chinese rivals to obtain.
- Fresh Wall Street calls lifted expectations as Goldman raised its 2026 EPS view roughly 19% above consensus and Morgan Stanley tagged Micron a top AI‑memory pick on a supply crunch lasting into 2027.
- Micron reported $23.9 billion in Q2 revenue and guided to $109 billion for fiscal 2026, with high‑bandwidth memory booked through 2026 and major builds such as Idaho output in mid‑2026 and SK Hynix packaging lines in 2027–2028 pointing to slow supply relief.
- Some caution flags persist, including weaker DRAM spot prices tied to software efficiency worries and pressure on free cash flow from heavy capital spending.