Micron shares jumped over 10% on January 6, propelled by robust order flow from AI data-center customers and reports that the company has sold out its advanced memory chips through 2026. Trading volume reached nearly 48 million shares, about 84% above the three-month average of 26 million, underscoring heightened investor interest in the company’s role as a key supplier to top cloud providers and chip designers.

In its first fiscal quarter of 2026, Micron reported record revenue of $13.64 billion, representing year-over-year growth of more than 25%. Earnings per share jumped nearly fourfold compared with the prior year, and the consensus forecast for full-year EPS has been raised to approximately $32.14, up from $8.29 in fiscal 2025. Bernstein and KeyBanc both lifted their price targets in recent weeks, citing a memory “super cycle” driven by tight DRAM supply and favorable pricing trends.

Micron’s bit-shipment growth is expected to exceed 20% in calendar 2026, while DRAM prices have rallied roughly fourfold since early 2025 amid structural market shortages. Having grown more than 24,000% since its 1984 IPO, the company is now positioned to capture a disproportionate share of the fastest-growing segment of semiconductor memory. Investors are watching inventory levels, capital-expenditure plans and emerging HBM (high-bandwidth memory) adoption as key indicators for sustaining the current uptrend.