Micron Nears $900 Billion Valuation on AI Memory Demand

Overview

• Micron shares gained about 4.8%, putting a first close above a $900 billion market value within reach.
• Bank of America raised its 2030 estimate for the AI data‑center market to $1.7 trillion, and DA Davidson issued a $1,000 price target that reflects a very bullish outlook.
• The company says it can meet only half to two‑thirds of demand in the medium term, and it expects the high‑bandwidth memory market to grow from about $35 billion in 2025 to $100 billion by 2028.
• A labor dispute at Samsung raised strike fears that could disrupt chip output, which would further tighten already scarce memory supply.
• Investors now look to late‑June fiscal Q3 guidance and to planned factory ramps in the United States and Japan later in 2026 for signs that supply can catch up.