Core Viewpoint - Micron Technology has reported strong fiscal Q1 2026 results, exceeding earnings and revenue estimates, which has led to a significant increase in its stock price and positive sentiment in the semiconductor sector [2][4]. Company Performance - Micron's stock closed at $248.55, reflecting a 10.11% increase, with trading volume at 63.9 million shares, 139% above its three-month average [1]. - The company reported quarterly revenue of $13.64 billion, a substantial increase from $8.71 billion in the same period last year [4]. - Micron's business chief stated that the company is "sold out" and has agreements to sell its entire high-bandwidth memory (HBM) supply for 2026 [4]. Market Impact - The S&P 500 rose by 0.79% and the Nasdaq Composite gained 1.38%, with major chipmakers rallying alongside Micron as investors reassessed the semiconductor sector's earnings potential in an AI-driven market [3]. - Analysts have raised their price targets for Micron, with Morgan Stanley increasing its target from $338 to $350, indicating an upside of over 40% [5]. Future Outlook - Micron forecasts that HBM revenue will increase from $35 billion in 2025 to around $100 billion by 2028, indicating strong growth potential in this segment [4].