Micron Stock Is Riding the AI Surge. How the Memory Trade Could Turn Sour. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Micron Stock Is Riding the AI Surge. How the Memory Trade Could Sour.By [Adam Clark]ShareResize---ReprintsIn this art ...

Core Insights - AppLovin shares surged 11.2% last week, driven by Bank of America's defense of the stock after a post-earnings sell-off [1] - Tempus AI also saw an 11% increase, attributed to a preliminary Q4 report showing an 83% year-over-year revenue growth [1] - Micron Technology gained 4.01% as Bank of America raised its price target due to increasing AI memory demand [1] AppLovin - AppLovin's stock price increased significantly after Morgan Stanley raised its price target to $800, maintaining an Overweight rating [1] - The company reported Q4 2025 revenue of $1.66 billion, a 66% increase year-over-year, with an adjusted EBITDA margin of 84% [1] - Despite the recent gains, AppLovin is still down approximately 38% year-to-date from January highs, leading to discussions about its valuation among investors [1] Tempus AI - Tempus AI's stock rose following a preliminary Q4 2025 report indicating revenue of $367 million, an 83% increase year-over-year, and a record total contract value exceeding $1.1 billion [1] - The diagnostics segment experienced a remarkable growth of 121% year-over-year [1] - CEO Eric Lefkofsky expressed confidence in the company's strong position entering 2026, with a net revenue retention rate of 126% [1] Micron Technology - Micron's stock price increased after Bank of America raised its price target, citing accelerating demand for high-bandwidth memory in AI infrastructure [1] - The company reported cloud memory revenue of $5.28 billion in fiscal Q1 2026, nearly doubling year-over-year, with a gross margin of 66% [1] - Micron is recognized as one of the few companies capable of supplying high-bandwidth memory at scale, with 37 out of 43 analysts rating the stock as a buy or strong buy [1] AI Sector Overview - The VanEck Semiconductor ETF rose 1.8%, indicating a positive trend in the AI sector, particularly in semiconductors [1] - Software stocks are struggling, while segments like memory and networking are experiencing strong gains [1] - The broader AI market is characterized by significant divergence, with semiconductors leading the performance [1]

格隆汇2月23日｜台积电、阿斯麦跌超1%，美光科技跌近1%，英伟达微跌。 ...

Core Viewpoint - Memory-chip manufacturers, including Micron Technology, SK Hynix, and Samsung Electronics, are experiencing significant growth due to the surge in demand driven by artificial intelligence applications. However, historical trends indicate that this growth may lead to overproduction and a subsequent market downturn [1]. Group 1: Industry Growth - Micron Technology is investing approximately $200 billion to expand its facilities in response to the booming memory-chip market [1]. - The demand for memory chips is being significantly fueled by advancements in artificial intelligence, positioning memory-chip makers as key beneficiaries in the tech sector [1]. Group 2: Market Risks - The rapid increase in production capacity among memory-chip manufacturers raises concerns about a potential oversupply in the market, which could lead to a painful crash similar to past industry cycles [1].

2025年，全球半导体产业迎来一个历史性拐点。 根据Gartner统计，全球半导体总营收达到7930亿美元，同比增长21%。这一强劲反弹不仅终结了此前的周期性低迷，更昭示着行业增长逻辑的根本转向。 过去十年由"移动互联网+云计算"主导的叙事正在退场，取而代之的是以AI基础设施为核心的新引擎。AI处理器、高带宽内存（HBM）和高速互连芯片， 正以前所未有的速度重塑产业版图。曾经稳坐钓鱼台的巨头悄然滑落，而押中AI赛道的玩家则一飞冲天。全球半导体TOP10的座次变动，已不再是简单的 数字游戏，而是一场关于生态、战略与时代判断的深度洗牌。 01 2024 vs 2025，新王加冕 2025年的榜单，最震撼的不是谁上榜，而是差距被拉得如此之大。英伟达不仅稳坐头把交椅，更以一骑绝尘的姿态，将第二名远远甩在身后。 | 2025排名 | 2024排名 | 厂商 | 2025营收 | 2024营收 | 2025-2024增长率(%) | | --- | --- | --- | --- | --- | --- | | 1 | 1 | 英伟达 | 125,703 | 76,692 | 63.9 | | 2 | 2 | 三星电子 ...

Core Insights - Micron Technology is experiencing significant benefits from the surge in AI spending, potentially outperforming Alphabet this year [1] Group 1: Alphabet's AI Developments - Alphabet's AI chatbot, Google Gemini, has gained 750 million monthly active users, marking an 88% increase in nine months [3] - Revenue from products based on Alphabet's generative AI models grew nearly 400% year over year in Q4 2025 [3] - Alphabet has entered a collaboration with Apple, where Apple will pay $1 billion annually to use Gemini for Siri [4] - Google Cloud services are a major revenue driver for Alphabet, with cloud sales rising 48% to $17.7 billion [4] Group 2: Micron's Performance and Strategy - Micron Technology is outperforming Alphabet, driven by high demand for memory chips essential for AI data centers [5] - Micron's Chief Business Officer stated the company is "sold out" of memory for 2026, anticipating increased capital expenditures from major tech firms totaling up to $650 billion [6] - To meet demand, Micron plans to invest $200 billion in new manufacturing facilities across the U.S. over the coming years [8] - Micron's sales surged 56% to $13.6 billion in Q1 of fiscal 2026, with non-GAAP earnings increasing 167% to $4.78 per share [8] - Analysts project Micron's sales will more than double by 2027, reaching $97.6 billion [8] Group 3: Market Position and Outlook - Micron is well-positioned to benefit from the intense memory demand from major tech companies like Alphabet, Meta, and Microsoft [9] - There is potential for Micron's stock to outperform Alphabet shares this year due to its strategic advantages in the AI sector [9]

Core Viewpoint - Needham analyst raised Micron Technology, Inc.'s price target from $380 to $450 while maintaining a Buy rating, citing sustained tightening in the memory market and upward pricing trends [1] Group 1: Analyst Ratings and Price Targets - Needham analyst N. Quinn Bolton increased Micron's price target to $450, maintaining a Buy rating [1] - Morgan Stanley analyst Joseph Moore also reiterated a Buy rating on Micron with a price target of $450 [2] Group 2: Market Conditions and Demand - The tightening in the memory market is allowing memory pricing to continue its upward trend [1] - Substantial capital expenditures by hyperscalers and a shift towards larger reasoning models are driving demand for high-performance memory and storage solutions [1] - Micron's Executive Vice President of Operations described the shortage in memory chips as "unprecedented" [2] - Micron's AI memory semiconductors are fully booked for 2026 [2] Group 3: Company Background - Micron Technology, Inc. is a major U.S.-based manufacturer of memory and storage solutions, founded in 1978 and headquartered in Idaho [3]

We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 10, Deutsche Bank raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $500 from $300 and maintained a Buy rating, citing tightening DRAM supply conditions and elevated memory pricing. The firm projects that industry shortages could persist through 2027 and into 2028, fostering a structurally more favorable profitability environment for memory manufacturers. In its fiscal first-quarter 2026 ear ...

Core Viewpoint - Micron Technology is significantly increasing its capital expenditures to expand memory production capacity, with plans to invest over $200 billion in new fabs in the U.S. and additional investments overseas, amidst a booming demand for memory driven by the AI industry [2][5][10]. Group 1: Company Overview - Micron's stock has surged nearly 300% over the past year due to a generational shortage in memory and storage [1]. - The company has a current market capitalization of $482 billion, with a gross margin of 45.53% and a dividend yield of 0.11% [3]. - Micron's recent investments include $50 billion for two new fabs in Idaho and a $100 billion facility near Syracuse, New York, totaling $200 billion in U.S. investments [5][6]. Group 2: Market Dynamics - Prices for memory and NAND storage have increased by over 90% in Q1 and are expected to rise another 20% in Q2 [4]. - The AI industry's shift from training to inference has led to a surge in memory demand, particularly for high-bandwidth memory (HBM), which is essential for AI applications [3][11]. Group 3: Investment Risks and Opportunities - Micron's aggressive expansion could lead to oversupply if demand does not keep pace, reminiscent of past industry cycles where increased supply led to price crashes [7][8]. - However, the current demand for HBM is inelastic, meaning AI companies will continue to purchase it regardless of price, making this cycle potentially different from previous ones [11][13]. - Analysts project Micron to earn $33.92 per share this fiscal year and $44.55 per share in fiscal 2027, with potential earnings exceeding 25% of its current market cap [14][15].

Numerous companies shared crucial information about AI and semiconductor trends.In today's video, I discuss recent updates affecting Micron Technology (MU +2.36%) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Feb. 13, 2026. The video was published on Feb. 14, 2026. ...