Micron's 2026 AI-Focused HBM Fully Sold Out on Long-Term Contracts
MU has more than doubled off its 52-week low of $61.54.
Summary
Micron Technology announced that its AI-focused High Bandwidth Memory (HBM) for 2026 is fully sold out on long-term contracts, a significant positive development for its future revenue stream. This news reinforces the robust demand for HBM, with the company expecting HBM demand to grow 70% year-over-year and account for approximately 23% of global DRAM wafer output in 2026. This update builds on previous reports of HBM shortages, providing concrete visibility into secured revenue for a critical, high-growth product. The company also noted its Q2 earnings report is scheduled for March 18 and mentioned its partnership with Applied Materials to co-develop next-generation memory chips, a collaboration that was previously announced. The confirmed sell-out of 2026 HBM supply signals strong pricing power and market leadership in the AI memory segment.
At the time of this announcement, MU was trading at $419.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $471.2B. The 52-week trading range was $61.54 to $455.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.