Micron Technology shares closed near $1,075 on October 2 after surging over 3% the prior session on fiscal Q4 results that crushed estimates, with revenue reaching $54.23 billion and non-GAAP EPS at $33.42. The company guided fiscal Q1 2027 revenue to $60–63 billion amid sustained AI-driven demand for high-bandwidth memory and data-center storage, with management highlighting tighter supply conditions extending into 2028. Analysts responded with multiple price-target increases, pushing the consensus well above current levels, while the stock’s 275%+ year-to-date advance and $1.2 trillion market capitalization reflect the shift in memory-cycle dynamics. Traders will focus on follow-through volume and any margin commentary in the coming sessions as the primary near-term catalysts.