Micron Stock Forecast: Can MU Sustain Its AI-Driven Breakout After Record High?
The post Micron Stock Forecast: Can MU Sustain Its AI-Driven Breakout After Record High? appeared on BitcoinEthereumNews.com. Micron Technology surged to a record high on May 26, jumping nearly 23% intraday before closing up more than 19% at $895.88. The rally briefly pushed the company’s market capitalization above $1 trillion, marking a milestone that places Micron among the largest technology firms globally. In overnight trading, shares extended gains toward $920 as momentum continued. The explosive move was fueled by two major catalysts: accelerating AI memory demand and an aggressive price target upgrade from UBS. With MU now trading at historically elevated levels, the key question for investors is whether the rally represents the early stages of a structural re-rating or a short-term momentum surge. Micro Stock Price Chart Year-To-Date. Source: Google Finance AI Memory Boom Reshapes Micron’s Outlook Micron’s rally reflects the broader expansion of artificial intelligence infras