---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000635559.md"
description: "$Micron Tech(MU.US) The bullish case driving MU right now• Price action: MU is at $640.20, +11.1% today. Already up ∼90% YTD 2026 and +574% over the past year. 52-week range $78.54 → $592.80, so it just broke out to new highs . • AI memory supercycle: DRAM makes up 79% of revenue, NAND the rest. DRAM contract prices forecast +58% to 63% QoQ in Q2 2026. NAND flash contract prices +70% to 75% QoQ . AI data centers need high-bandwidth memory {HBM} and Micron is one of 3 major suppliers. • Earnings exploding: Zacks consensus for FY2026 EPS is $58.37, up from $7.59 in FY2025 — 4x growth. Revenue forecast $76B for FY2026, +103% YoY. Net profit margin 41.5%. • Analysts chasing: 39 analysts → 35 Buy/Strong Buy, 4 Hold, 0 Sell. Avg PT $478.24, but recent revisions much higher: Cantor $700, Barclays $675, TD Cowen $660, DA Davidson $1,000. • Valuation still cheap vs growth: Forward P/E ∼12.3 to 12.5 vs Nasdaq-100 ∼26. D.A. Davidson: “AI is creating a strong, long-lasting demand cycle”. Key catalysts ahead1. HBM for AI: Micron’s HBM is critical for Nvidia/Broadcom GPUs. Broadcom guides AI revenue 5x higher next year. 2. Long-term supply deals: Memory makers now signing multi-year contracts with hyperscalers, reducing historical volatility. 3. Earnings leverage: Every 10% DRAM price increase flows heavily to bottom line due to high fixed costs. Next earnings June 24, 2026, est $19.19/share, +905% YoY."
datetime: "2026-05-06T05:22:38.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000635559.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000635559.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000635559.md)
author: "[xMistyx](https://longbridge.com/en/profiles/25571008.md)"
generator: "portal-rs"
---

# $Micron Tech(MU.US) The bullish case driving MU ri…


### Related Stocks

- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md)
- [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**