Micron Unveils HBM4 36GB, Reports $23.9B Revenue; Analyst PT Soars to $1,750
MU has more than doubled off its 52-week low of $92.22.
Summary
Micron reported robust quarterly revenue of $23.9 billion, a substantial increase from $13.6 billion two quarters prior, driven by strong demand for data-center memory chips. The company also unveiled new AI-focused memory products, including the HBM4 36GB 12H, which offers 2.6x LLM inference throughput. This follows a period of record results and sold-out HBM supply for 2026, reinforcing Micron's leadership in the AI memory market. Susquehanna significantly raised its price target for Micron to $1,750 from $600, citing strong AI and data center demand. This combination of strong financial performance, critical product innovation, and extreme analyst bullishness signals continued momentum.
At the time of this announcement, MU was trading at $1,040.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $92.22 to $1,046.97. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.