--- title: "What's Going On With Micron Technology Stock Tuesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296907443.md" description: "Micron Technology stock rose in premarket trading, supported by broader market gains and a strong memory-market cycle. Gartner forecasts semiconductor revenue to reach $1.6 trillion by 2026, driven by AI infrastructure investment, with memory revenue surging to $837 billion. This outlook highlights Micron alongside Samsung and SK Hynix. Technically, Micron shows mixed short-term signals but maintains a long-term uptrend. Analysts expect significant earnings growth in the upcoming Sept. 22 report, with a consensus Buy rating and average price target of $1,525." datetime: "2026-08-25T11:24:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296907443.md) - [en](https://longbridge.com/en/news/296907443.md) - [zh-HK](https://longbridge.com/zh-HK/news/296907443.md) generator: "portal-rs" --- # What's Going On With Micron Technology Stock Tuesday? **Micron Technology Inc.** (NASDAQ:MU) stock rose in Tuesday’s premarket trading, supported by upbeat broader market sentiment. Nasdaq futures climbed 0.92%, while S&P 500 futures gained 0.46%. Micron also drew support from a powerful memory-market cycle. **Gartner** expects sustained AI infrastructure investment and stronger memory prices to drive extraordinary semiconductor industry growth. ## Gartner Sees Semiconductor Revenue Nearing $1.6 Trillion Gartner expects worldwide semiconductor revenue to jump 92% to about $1.6 trillion in 2026 from $809 billion in 2025, before reaching roughly $1.9 trillion in 2027. Director Analyst Ben Lee said on Monday that sustained AI infrastructure investment and stronger-than-expected memory pricing are accelerating industry growth. Gartner expects AI data centers to represent 36.5% of semiconductor revenue in 2026 and more than 53% by 2030. ## Memory Boom Puts Micron And Rivals In Focus Gartner forecasts memory revenue will surge from $220.1 billion in 2025 to $837.3 billion in 2026 and exceed $1 trillion in 2027. Memory could account for 54% of total semiconductor revenue this year, up sharply from 27% in 2025. The firm expects DRAM revenue to climb 246.6% in 2026, while NAND flash revenue could jump 371.9%. That outlook puts Micron, **Samsung Electronics Co. Ltd.** (OTC:SSNLF) and **SK hynix Inc.** (NASDAQ:SKHY) in focus. The companies dominate global DRAM and NAND production. ## Technical Analysis Micron remains above some key short-term trend indicators. The stock is about 3.8% above its 20-day simple moving average of $896.75. It is also near its 20-day exponential moving average of $926.76. However, the intermediate trend is mixed. Micron trades about 3.4% below its 50-day SMA of $962.88. Still, it remains well above its 100-day and 200-day averages. That keeps the longer-term uptrend intact. The relative strength index stands at 48.54. This reading signals neutral momentum. It suggests the stock is consolidating rather than approaching overbought or oversold territory. Meanwhile, the 20-day SMA remains below the 50-day SMA. That is a bearish short-term signal. However, the 50-day SMA is still above the 200-day SMA, supporting the longer-term bullish trend. Key resistance stands at $1,012. A move above that level could signal renewed buying momentum. Support sits near $891.50, close to the 20-day SMA. ## Earnings And Analyst Outlook Micron’s next major catalyst could arrive with its estimated Sept. 22 earnings report. Analysts expect earnings of $31.26 per share, up from $3.03 a year earlier. They project revenue of $50.78 billion, compared with $11.31 billion last year. Micron trades at 20.6 times earnings. The stock carries a Buy consensus rating. Analysts have an average price forecast of $1,525. **New Street Research** upgraded Micron to Buy on Aug. 14 and set a $1,250 price forecast. **Citigroup** maintained a Buy rating on Aug. 7 but lowered its forecast to $1,150. **KeyBanc** maintained an Overweight rating on July 14 and raised its forecast to $1,750. ## Top ETF Exposure - **iShares Semiconductor ETF** (NASDAQ:SOXX): 7.98% Weight - **Invesco S&P 500 Momentum ETF** (NYSE:SPMO): 9.81% Weight - **Invesco PHLX Semiconductor ETF** (NASDAQ:SOXQ): 7.82% Weight **Significance:** Because MU carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. ## Price Action **MU Stock Price Activity:** Micron Technology shares were trading higher by 2.03% at $928.80 during premarket trading on Tuesday, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: SK Hynix May Take Its Memory Boom to Japan With Massive New Factory** ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [IT.US](https://longbridge.com/en/quote/IT.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [KEY.US](https://longbridge.com/en/quote/KEY.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SPMO.US](https://longbridge.com/en/quote/SPMO.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [KEY-K.US](https://longbridge.com/en/quote/KEY-K.US.md) - [KEY-L.US](https://longbridge.com/en/quote/KEY-L.US.md) - [KEY-J.US](https://longbridge.com/en/quote/KEY-J.US.md) - [KEY-I.US](https://longbridge.com/en/quote/KEY-I.US.md) ## Related News & Research - [Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line'](https://longbridge.com/en/news/296743524.md) - [Micron Technology, Inc. Plans USD10 billion AI Memory Chip R&D Center](https://longbridge.com/en/news/296551150.md) - [Micron Stock Is Surging Toward $1,000 Again. Can MU Keep Climbing?](https://longbridge.com/en/news/296107115.md) - [Micron CEO: AI has 'totally changed' the equation for the boom-and-bust memory industry](https://longbridge.com/en/news/296543881.md) - [SK Hynix Workers Reject Wage Deal, Triggering Fresh Negotiations: Report](https://longbridge.com/en/news/296882932.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**