MU

Micron Technology Inc.

2026-01-15 01:31 PM

+5.01%

Micron surges on TSMC AI optimism, wave of analyst price target hikes

TSMC dismissed AI bubble fears and posted strong AI revenue guidance, lifting the entire chip sector. Multiple analysts raised Micron price targets—Citigroup to $385, RBC initiated at $425, Cantor Fitzgerald to $450, and Bank of America to $400—citing AI-driven memory shortages expected to persist through 2028. Bloomberg reported soaring memory prices are creating a 'crisis' for hardware buyers while benefiting memory makers.

Analysis

This continues Micron's volatile but upward trajectory—the stock gained over 5% on Jan 12 on similar AI memory themes, pulled back mid-week on profit-taking, and is now resuming its rally. While the semiconductor sector broadly gained on TSMC's bullish commentary, Micron's outperformance reflects its direct exposure to the AI memory shortage narrative. The wave of analyst upgrades with targets ranging from $385 to $550 signals strong institutional conviction in the multi-year demand story.

Sources

Date: 2026-01-15

Price: $353.50

Type: Stock Specific

Confidence: high