Micron Technology (MU) stock reclaimed the $1,000 price level, closing 3.92% higher on Friday, September 18, 2026, with a further 0.19% gain in after-hours trading. The rally is fueled by a sector-wide memory shortage, exacerbated by Intel CEO Lip-Bu Tan’s warning that the shortage could worsen in 2027. Wall Street analysts have raised targets; RBC Capital set a $1,500 target while TD Cowen set $1,600, both maintaining “buy” ratings. Goldman Sachs holds a “hold” with an $1,100 target. Micron’s memory chips are key to AI processing, and the company announced a $250 billion US investment plan to boost domestic production.
Micron (MU) stock reclaimed the $1,000 level on Friday, September 18, 2026, closing 3.92% higher. The asset added another 0.19% in after-market trading. The surge is part of a broader resurgence in memory stocks, with rival SanDisk (SNDK) closing nearly 11% higher the same day. Investors appear to be flocking to memory stocks amid a global shortage. Intel CEO Lip-Bu Tan stated that memory production capacity is very limited and that “the situation will get even worse next year.”
Micron’s rally also follows increased stock price targets from Wall Street. RBC Capital’s Srini Pajjuri raised MU’s target to $1,500, maintaining a “buy” signal. TD Cowen raised its target to $1,600, representing a 57.51% upside from current levels. Goldman Sachs maintains a “hold” signal, predicting $1,100, an 8.29% upside.
Micron is a major beneficiary of the AI boom, as its memory chips are integral to AI processing chips. The ongoing memory shortage has caused issues for consumer electronics but boosted profit margins for Micron. The company has announced a $250 billion investment plan for the US to ramp up domestic production.
