The rally marks Micron’s eighth straight weekly advance, underpinned by consistent support at the $320 level and rebounds from its 60-day moving average in late November and December. On a year-over-year basis, the stock has surged more than 247%, reflecting broad optimism around AI-driven memory demand. Options data show bearish sentiment may be waning: the put/call open interest ratio sits in the 97th annual percentile, and realized volatility has regularly exceeded expectations, hinting at further upside if pessimism recedes. Micron officially broke ground on a $100 billion memory manufacturing complex near Syracuse, New York, in the largest U.S. private investment ever recorded. The project will feature up to four fabrication facilities and is projected to create 50,000 construction and manufacturing jobs locally and contribute to a total of 90,000 roles nationwide. Production is slated to begin in 2030, part of Micron’s broader $200 billion U.S. expansion blueprint that includes new fabs in Idaho and Virginia upgrades. The New York megafab is designed to supply advanced memory for AI systems and bolster domestic chip resilience. Micron Technology shares jumped over 8% to a fresh all-time peak after board member Mark Liu disclosed a $7.8 million open-market purchase, according to an SEC filing. The insider buy has prompted Barclays and Citigroup to lift their price targets to $450 and $385, respectively, up from $275 and $330. The consensus 12-month target of $326.94 now represents a nearly 10% discount to current levels, suggesting analysts may continue raising forecasts in response to sustained momentum.