NEW YORK, Jan 3, 2026, 09:27 ET — Market closed
- Micron shares ended Friday up 10.5% at $315.42 after a Bernstein target hike.
- The rally put AI-linked memory pricing and supply constraints back at the center of the trade.
- Traders now focus on next week’s U.S. jobs data and whether MU can hold key levels into Monday’s open.
Micron Technology, Inc. (MU.O) shares jumped 10.5% on Friday, closing at $315.42, after a Bernstein price-target increase helped propel the memory-chip maker higher in the market’s first session of 2026.
The move matters because Micron’s earnings are tightly linked to the direction of memory-chip prices, and investors have been leaning into the view that AI data centers are tightening supply faster than the industry can add capacity.
Memory has a long history of boom-and-bust cycles, so even small shifts in expectations for pricing and supply can produce outsized moves in both estimates and valuations.
The stock traded between $294.86 and $315.60 during the session, according to daily pricing data. StockAnalysis
Bernstein analyst Stacy Rasgon said he sees “the largest pricing upcycle in the memory sector” ahead, and the brokerage raised its price target to $330 from $270 while keeping an outperform rating, Barchart reported. Barchart
DRAM, short for dynamic random access memory, is the high-speed “working memory” used in servers and PCs. Micron is also one of three major suppliers of high-bandwidth memory, or HBM — stacked chips used alongside AI processors — with SK Hynix and Samsung Electronics. Reuters
The Micron move came alongside broader strength in chip shares; the iShares Semiconductor ETF gained 4.2% on Friday. Western Digital rose about 9% and Sandisk gained about 16% in the same session, Barron’s reported. Barron’s
Micron’s most recent quarterly outlook, issued in mid-December, projected fiscal second-quarter revenue of $18.7 billion plus or minus $400 million, with non-GAAP earnings of $8.42 per share plus or minus 20 cents. The company also declared a quarterly dividend of $0.115 per share, payable Jan. 14.
Before next session, investors will parse U.S. labor-market signals next week, including the Job Openings and Labor Turnover Survey report on Jan. 7 and the Employment Situation report for December 2025 on Jan. 9, the Labor Department’s schedule shows. Bureau of Labor Statistics
Micron has not confirmed the date for its next earnings report, but market calendars tracked by Yahoo Finance list March 18 after the close. Yahoo Finance
After Friday’s surge, traders will watch whether the stock holds above the $300 level when U.S. markets reopen Monday and whether incoming pricing signals keep supporting the tight-supply narrative behind the rally.
