Micron Shares Hit Record as AI Memory Demand Powers Outlook

Overview

• Micron’s stock set a new all-time intraday high and closed at $576.45, capping a 60.7% gain over the past month.
• Fiscal Q2 results showed revenue rising 196% to $23.86 billion and net income jumping 772% to $13.78 billion.
• Guidance for the quarter ending in May calls for about $33.5 billion in revenue at the midpoint and roughly $18.90 in diluted EPS.
• Melius Research initiated coverage with a Buy rating and a $700 target, citing a durable AI cycle for high‑bandwidth memory that feeds data to AI chips, as well as DRAM and NAND.
• Micron invested in SiMa.ai, and SiMa.ai integrated Micron’s LPDDR5X memory into its Modalix MLSoC platform, signaling traction for Micron parts in edge AI systems.