Micron Technology stock declined 0.7%. According to the sources, billionaire David Tepper tripled his Micron position to 1.5 million shares as the company's high-bandwidth memory sold out for the year. TD Cowen raised its long-term earnings outlook for Micron, expecting EPS to reach $60 in 2026, above its prior assumption of $50. Management stated they expect to start shipping HBM4 products in the current quarter rather than next, with demand significantly higher than supply capacity. The company is planning up to $200 billion in new U.S. fabrication capacity supported by government incentives. However, Micron's planned $100 billion New York semiconductor manufacturing project faces local opposition due to environmental concerns. The stock trades at $428.17, with year-to-date gains of 35.7% and 30-day returns of 7.1%.
Read full analysisMicron Technology stock declined 0.7%. According to the sources, billionaire David Tepper tripled his Micron position to 1.5 million shares as the company's high-bandwidth memory sold out for the year. TD Cowen raised its long-term earnings outlook for Micron, expecting EPS to reach $60 in 2026, above its prior assumption of $50. Management stated they expect to start shipping HBM4 products in the current quarter rather than next, with demand significantly higher than supply capacity. The company is planning up to $200 billion in new U.S. fabrication capacity supported by government incentives. However, Micron's planned $100 billion New York semiconductor manufacturing project faces local opposition due to environmental concerns. The stock trades at $428.17, with year-to-date gains of 35.7% and 30-day returns of 7.1%.
Micron Technology is one of the world's largest manufacturers of memory chips (DRAM and NAND), essential components in everything from smartphones to AI data centers. The stock has surged roughly sixfold since April 2025 as its high-bandwidth memory chips are sold out through 2026 for AI workloads, with gross margins guided to 68% and a $200 billion U.S. manufacturing expansion underway. A Q1 fiscal 2026 earnings release appeared on Micron's investor relations page, suggesting results may be imminent — a potential catalyst for the stock's next major move.