MU

Micron Technology Inc.

2026-01-15 01:14 PM

+6.43%

Micron surges on TSMC AI optimism, wave of analyst upgrades, and memory shortage thesis

TSMC dismissed AI bubble fears and posted strong forecasts, lifting the entire chip sector. Bloomberg reported memory prices are creating a 'crisis' for hardware makers while benefiting suppliers like Micron. Multiple analysts raised price targets—Citigroup to $385, Cantor Fitzgerald to $450, KeyBanc to $450, and Bank of America to $400—citing HBM sold out through 2026 and DRAM shortages potentially lasting until 2028.

Analysis

This move reverses the profit-taking seen over the past three sessions (-2.2%, -1.9%, -1.4%) and resumes the bullish trend from earlier in the week. MU significantly outperformed its semiconductor sector (+4.19% vs SMH), suggesting stock-specific catalysts layered on top of sector tailwinds from TSMC's bullish commentary. The combination of TSMC validation, continued analyst upgrades, and Micron's own statements about multi-year memory shortages provided fresh fuel for the rally. A director also purchased $7.8M in shares, adding to bullish sentiment.

Sources

Date: 2026-01-15

Price: $354.80

Type: Stock Specific

Confidence: high