Micron Surges Past $1,000 as AI Memory Boom Reshapes the Chip Industry

Micron Technology’s stock jumped past $1,000 amid an AI-driven memory surge, driven by high-bandwidth memory (HBM) and DRAM demand for AI data centers. The piece notes tight HBM supply, multiyear hyperscaler contracts, and a memory market forecast to grow as AI capex stays strong, which could support margins even in a cyclical industry. While the stock’s forward multiple looks appealing relative to peers, risks include faster-than-expected capacity additions and potential softness in AI data-center spending that could compress profits.