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Micron Technology hit an all-time high of $683.09 on Wednesday May 7, 2026.
Micron's HBM supply for 2026 is already fully booked, with customers signing multi-year prepayments.
KEY POINTS
- Micron reported $23.9 billion revenue, 196% growth, and expects up to 81% gross margins next quarter.
- Bernstein warned memory spot market pricing is forcing some OEMs and module houses to reduce purchases.
- A TipRanks analysis suggests Micron could reach $1,500 per share if current AI memory demand persists.
- Micron's last stock split was in 2000, raising speculation of a new split due to the recent price surge.
COMPANIES
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