Micron rose more than 17% in two trading days, ushering in its "NVIDIA moment"! What's next for the stock price?

After Micron's earnings report on Thursday, the stock surged 17% in two trading days, which can be called its "NVIDIA moment." The cumulative increase for the year has reached 205%. Thursday's earnings report was a core catalyst, not only proving its excellent performance and product demand but also confirming the explosive growth of AI demand, which can be said to have saved the entire U.S. stock AI tech sector. 

I am still bullish on Micron, and I have repeatedly emphasized Micron's opportunities in our community. I believe Micron is in a super cycle for three reasons: 

First, on the demand side, AI services and GPU training are inseparable from memory demand, which is growing explosively. Micron's HBM products are already sold out until the end of 2026. The HBM market size is expected to reach $100 billion by 2028, with a compound annual growth rate of 40%. 

Second, on the supply side, the industry is expanding production cautiously. Currently, Micron's product supply only meets 50%-66% of core customer demand, and there is still a shortage of many memory products. I believe prices will remain firm, and gross margins have reached 68%, far exceeding historical peaks. 

In terms of performance, this quarter's results were undoubtedly better than expected, with record data center business in fiscal 2025 and expected to break records again in 2026. 

As for Micron's stock price trend in the near term, I am bullish until the first half of 2026. The current stock price is 265, and I see a target of 300, with the memory theme for AI remaining hot. If you want to chase at this level, you can use a sell put options strategy, such as options expiring next Friday the 26th with strike prices of 240 or 235.