Micron (MU) stock closed the June 25 trading session up 15.81% at $1,213.56. The stock soared following the release of the third-quarter (Q3) fiscal year 2026 (FY26) earnings report on June 24.

The stock is up 313.14% year-to-date, at the time of writing, Friday afternoon, June 26. Meanwhile, the SPDR S&P 500 index (SPY) is up about 7.74% in the same period.

The third-largest supplier of memory chips has outpaced the S&P 500, thanks to its participation in the broader semiconductor rally driven by the AI boom.

Positive news driving Micron’s stock includes:

Analysts have been resetting their price targets just before earnings, Bank of America included. Now that the earnings have…