Overview
- Micron closed Friday at $746.81 after a 15% jump, capping a roughly 38% weekly gain and lifting its market value to about $840 billion.
- DA Davidson set a Street-high $1,000 target Friday, following Mizuho’s $740 call earlier this week that highlighted Micron’s position in AI memory.
- Micron says its high‑bandwidth memory capacity is fully booked through 2026, and it began shipping a 245TB 6600 ION SSD on May 5 for AI and hyperscale storage.
- Memory prices spiked in April, with DRAM up about 57% and NAND up 65%–70%, as big cloud providers competed for limited supply to build AI data centers.
- Bernstein warned that soaring prices could prompt some buyers to cut orders, which knocked shares Thursday before a strong rebound Friday on sector strength.