Micron’s AI memory rally is still running hot
Key takeaways
- What’s behind the move: The rally is tied to the AI memory boom, where demand for high-bandwidth memory and other advanced chips has turned Micron into one of the market’s biggest AI hardware winners.
- By the numbers: Micron has hit 28 intraday records this year and added $437 billion in market value since March 20, lifting its valuation to roughly $800 billion.
- Micron is now the fourth-largest chip stock, behind Nvidia (NVDA), TSMC (TSM), and Broadcom (AVGO).
Micron’s AI memory rally is still running hot Jared Blikre Fri, May 8, 2026 at 10:35 PM GMT+7 1 min read MU TSM ^GSPC AMD NVDA What happened: Micron (MU) stock jumped Friday, putting the memory-chip maker on track for its seventh straight intraday record high, adding to its weekly gain of over 30%.
What’s behind the move: The rally is tied to the AI memory boom, where demand for high-bandwidth memory and other advanced chips has turned Micron into one of the market’s biggest AI hardware winners. The stock is now up 120% since its March 30 low and nearly 1,000% from its April 8, 2025, post-Liberation Day low.
By the numbers: Micron has hit 28 intraday records this year and added $437 billion in market value since March 20, lifting its valuation to roughly $800 billion.