New York, January 13, 2026, 09:36 EST — Regular session
- Micron shares edged up early Tuesday following a new boost to its price target.
- Wall Street is betting on steady memory prices through 2026.
- Traders are tracking demand cues from major cloud clients alongside the upcoming batch of corporate earnings.
Micron Technology shares ticked up 0.2% to $345.87 in early U.S. trading Tuesday. KeyBanc raised its price target for the memory-chip giant to $450 from $325, maintaining an Overweight rating. The firm highlighted strong demand from hyperscalers — the largest cloud and data-center customers — which is tightening memory supply and pushing prices higher across more end markets. (TipRanks)
The timing is crucial as the market now views memory pricing as the key driver behind chip stock moves. Investors are wrestling with whether the upcycle extends past the next few quarters. Some electronics firms have started flagging that rising memory costs will hit profits, signaling tight supply is starting to squeeze customers beyond just AI data centers. (MarketWatch)
Supply grabbed attention again after SK Hynix announced a 19 trillion won ($12.9 billion) investment to build a cutting-edge chip-packaging facility in South Korea. The move targets growing demand for high-bandwidth memory (HBM), a DRAM variant that stacks chips to enhance speed while reducing power consumption. According to Macquarie Equity Research, last year’s HBM market split was 61% for SK Hynix, 19% for Samsung Electronics, and 20% for Micron. (Reuters)
KeyBanc sees the current memory cycle lasting “stronger for longer,” noting that new greenfield manufacturing won’t come online before mid-2027. The firm forecasts Micron’s fiscal 2027 revenue at $94.4 billion and EPS at $45.20, beating Street estimates of $89.6 billion and $40.88, per a report on the note. (Investing.com UK)
Bank of America boosted its price target for Micron, hiking it to $400 from $300 while maintaining a Buy rating. The firm pointed to a strong pricing environment and improved multi-year visibility as key factors. (TipRanks)
Traders remain focused on memory. DRAM serves as the short-term “working” memory in servers, PCs, and phones, while NAND flash handles storage. HBM falls in between, caught up in the current debate as it’s sold into AI systems and limited by both chip production and advanced packaging challenges.
Micron’s stock is moving on a blend of pricing and supply cues, not a single company announcement. Investors are weighing if the price jump signals a short-term crunch or a sustained surge as AI demand gobbles up capacity once destined for consumer gadgets.
Still, the situation works both ways. Memory markets run in cycles, and the risk is clear: if cloud spending slows or demand for smartphones and PCs remains weak, buyers will resist price hikes, triggering a quick downturn — usually before fresh fabs come online.
Investors are zeroing in on spot and contract price signals, tracking whether the three major DRAM makers are sticking to supply discipline, and looking for clues that packaging bottlenecks might be loosening. They’re also waiting on new reports from Asia that could either back up or challenge the bullish claim that tightness will persist through 2026.
Micron’s next big event is set for January 16, when it will break ground on its New York megafab project. CEO Sanjay Mehrotra described it as a “pivotal moment for Micron and the United States.” Investors are eager for updates on the timeline, costs, and the pace at which new U.S. capacity will translate into shipments. (Eaglenewsonline)
