Micron Surges on AI-Driven Memory Demand and Record Revenue

Micron Technology shattered expectations with fiscal Q3 revenue of $41.5 billion (well above the ~$33.5 billion consensus) and guided for about $50 billion in Q4, driven by unprecedented demand for DRAM and NAND from data-center build-outs and ongoing AI-related spending. With supply tight and prices rising, the stock has jumped roughly 272% since the start of 2026. Management cautions that tight conditions could persist beyond 2027, but analysts still see upside as memory demand remains robust and valuation appears modest relative to forward earnings, despite potential volatility in the shares.