- Micron Technology stock surged 19.29% to an all-time high of $895.88 on May 26, 2026, surpassing a $1 trillion market cap.
- UBS analyst Timothy Arcuri raised his price target from $535 to $1,625, the highest on Wall Street, citing long-term supply agreements and a prolonged RAM shortage.
- The company has sold out its entire 2026 supply of high-bandwidth memory (HBM), with quarterly revenue guidance exceeding its previous annual totals.
Micron Technology’s stock (MU) achieved a historic milestone on Tuesday, May 26, 2026, closing at a record $895.88 and crossing the $1 trillion valuation threshold for the first time. The massive 19.29% intraday surge was propelled by an extraordinarily bullish analyst call from UBS, as reported by MarketScreener. Analyst Timothy Arcuri more than tripled his price target to $1,625, the highest among 46 Wall Street firms covering the stock.
Consequently, after-hours trading pushed shares even higher to $914.53. Arcuri’s thesis centers on Micron securing long-term supply agreements that replace volatile spot market sales. He also projects a critical RAM shortage extending into at least Q2 2028, which aligns with the overwhelmingly positive analyst consensus.
Jim Cramer commented on CNBC, “We’re on the verge of a new era… AI has changed the order of things.” Meanwhile, CEO Sanjay Mehrotra confirmed the company had already sold out its entire 2026 supply of high-bandwidth memory. This supply constraint is a primary driver behind the stock’s 184% year-to-date gain.
The company’s revenue guidance for fiscal Q3 2026 is approximately $33.5 billion, a figure exceeding its previous annual revenue. Consequently, thirty-nine of the forty-four analysts covering Micron currently rate it a Buy. At the UBS target price, the company’s valuation would reach roughly $1.8 trillion, surpassing both Tesla and Meta.
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