---
title: "Micron Stock Jumps 2.1% as Memory Pricing Tightens Again"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295966823.md"
description: "Micron stock rose 2.1% as memory pricing tightens, with KeyBanc forecasting significant DRAM and NAND price increases. The company reported record Q3 revenue of $41.46 billion and strong cash flow. However, the stock trades at a substantial premium to its GF Value estimate, raising concerns about sustainability if supply catches up faster than expected."
datetime: "2026-08-14T19:15:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295966823.md)
  - [en](https://longbridge.com/en/news/295966823.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295966823.md)
---

# Micron Stock Jumps 2.1% as Memory Pricing Tightens Again

Micron Technology , the U.S. memory-chip powerhouse sitting right in the middle of the AI spending boom, gained in Friday morning trading as Wall Street got another reason to stay bullish: memory prices are still heading higher. KeyBanc expects DRAM prices to jump 15% to 20% in the third quarter and another 15% in the fourth, while NAND pricing could surge 30% to 40% this quarter before climbing roughly another 15% next quarter. That is a powerful setup for Micron. When memory supply stays tight and AI infrastructure keeps swallowing more chips, higher prices can flow through the business very quickly.

Micron is already showing what that kind of environment can do. Its record fiscal third quarter delivered $41.46 billion of revenue, up from $23.86 billion in the previous quarter. That is roughly 74% sequential growth. Adjusted free cash flow reached $18.3 billion after $7.1 billion of capital spending, while Micron finished the quarter with $30.2 billion of cash, investments and restricted cash. The message is hard to miss: this memory upcycle is not simply creating impressive revenue growth. It is throwing off enormous cash. The danger, as always with memory, is that booming prices eventually encourage too much capacity. But new supply takes time, and recent analyst commentary continues to point toward tight industry conditions extending well beyond today's quarter.

Now comes the uncomfortable part: the stock is no longer cheap by GuruFocus' GF Value yardstick. At $966.87 on August 14, Micron trades 67.22% above its GF Value estimate of $578.20. That is a massive premium, and it raises the bar for everything that comes next. The bulls still have ammunitionBarron's reported that UBS carries a $1,625 targetbut the stock increasingly needs the monster memory cycle to stay monster. If DRAM and NAND prices keep ripping higher, Micron's earnings and cash flow could keep surprising investors. If supply catches up faster than expected, that 67% premium to GF Value suddenly matters a lot more. Micron has the momentum. Now it needs the fundamentals to keep sprinting.

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