Micron stock rises on memory chip demand from artificial intelligence

Micron Technology's share price has risen sharply, and analysts expect further gains ahead. The company makes memory chips that data centers need to run artificial intelligence systems. Demand for these chips has grown very fast, but new factories take years to build. This means supply is tight and prices are going up. Morgan Stanley recently doubled its price target for Micron to $1,050, saying shortages will probably continue until 2028. Twenty-nine analysts currently rate the stock as a buy. Alphabet also helped boost Micron's share price when it announced higher spending on data centers in 2026. Over the past year, Micron's stock has gained around 850 percent. Some analysts have warned that the price may already be very high after such large gains.