Record Earnings, HBM “Sold Out,” and Wall Street’s New Price Targets
Micron Technology, Inc. (NASDAQ: MU) is heading into the final full week of 2025 with fresh momentum—and not the subtle kind. After a blockbuster fiscal first-quarter report and an even louder outlook for the February quarter, Micron stock closed at $265.92 on the latest available tape, capping a sharp, AI-fueled run that has put memory chips back at the center of the semiconductor narrative. [1]
The immediate catalyst is simple: Micron just printed record results and guided to another step-change higher. The deeper catalyst is more structural—and more controversial. Management and multiple analysts are increasingly framing the current environment as a supply-constrained “memory supercycle,” driven by high-bandwidth memory (HBM)…
