Micron Technology (MU) shares have rallied sharply in the week of September 14, 2026, climbing from roughly $927 to over $1,015 amid renewed optimism on AI memory demand. Intel’s comments highlighting persistent DRAM and HBM shortages extending into 2027 provided the latest catalyst, reinforcing expectations for sustained pricing power. The stock trades near $1,008–$1,016 with elevated volume as traders price in fiscal Q4 results due September 30, where consensus calls for revenue near $50.5 billion and EPS around $31, reflecting year-over-year jumps exceeding 300%. Recent capacity expansions, including a $2.75 billion India facility, and analyst price targets averaging above $1,300 further support sentiment, though upcoming earnings and any shifts in memory supply dynamics remain key swing factors.