Micron stock surges amid memory trade boom
Key takeaways
- The rest of the chip complex was poised to climb to new highs, including memory and storage maker San Disk (SNDK).
- What s behind the move: Micron shares jumped along with the rest of the chip-maker space as investors awaited the company s results on Wednesday, providing a bellwether picture of memory demand for AI inference.
- Micron shares are up roughly 360% in the past six months and hit all-time highs on Thrusday along with Sandisk and storage play Western Digital (WDC).
Micron stock surges amid memory trade boom Ines Ferré · Senior Business Reporter Mon, June 22, 2026 at 7:52 PM GMT+7 1 min read MU SNDK WDC 000660.KS 005930.KS What happened: Micron Technology stock (MU) surged 4% in pre-market, on pace to hit a fresh record on Monday ahead of the memory chip maker s earnings this week. The rest of the chip complex was poised to climb to new highs, including memory and storage maker San Disk (SNDK).
What s behind the move: Micron shares jumped along with the rest of the chip-maker space as investors awaited the company s results on Wednesday, providing a bellwether picture of memory demand for AI inference.
UBS analyst Melissa Weathers recently raised the bank s price target for Micron to $1,500 per share as demand for DRAM, the type of memory used for data centers, servers, and smartphones, is "still set to vastly outpace supply growth in the coming years driven by more memory-intensive AI workloads,"