Micron stock forecast 2026: China’s CXMT IPO adds a new competition test for MU
China’s CXMT plans to raise $4.22 billion in a Shanghai IPO to upgrade DRAM production and start HBM packaging by end-2026. Micron, after tripling in value in 2025, expects memory markets to stay tight past 2026 and will boost 2026 capital spending to $20 billion. Analysts warn supply shortages could last into 2027.