Core Viewpoint - Micron Technology is experiencing significant stock price increases driven by strong demand for AI-driven memory solutions and bullish analyst targets, with the company having sold out its advanced chips for 2026 [3][6]. Company Performance - Micron Technology's stock closed at $343.43, reflecting a 10.02% increase for the day and a 16.67% rise over the past five days [2]. - The company has a market capitalization of $351 billion and a gross margin of 45.56% [2]. - Trading volume reached 47.9 million shares, which is approximately 84% above the three-month average of 26 million shares [2]. Market Context - The S&P 500 and Nasdaq Composite also saw gains, with increases of 0.62% and 0.65% respectively, indicating a positive market environment for technology stocks [5]. - Other memory chip suppliers, such as Sandisk, experienced significant stock price increases, highlighting a sector-wide uplift due to AI server and high-bandwidth memory demand [5]. Analyst Insights - Bernstein raised its price target for Micron from $270 to $330, citing rising DRAM prices and increasing demand from AI data centers [6]. - KeyBanc analysts also increased their price target from $215 to $325, attributing this to a "super cycle" in memory [6].