Micron Technology (MU) shares closed at $1,074.89 on October 2 after fiscal Q4 results showed revenue surging 379% year-over-year to $54.23 billion and adjusted EPS reaching $33.42, both well above consensus, driven by AI-fueled demand for high-bandwidth memory, DRAM, and data-center SSDs. Management guided fiscal Q1 2027 revenue to $60–63 billion with margins near 86% and noted over 75% of 2027 output already committed under long-term agreements, while signaling tighter supply-demand conditions extending into 2028. Analysts have lifted 12-month price targets to an average near $1,520, with highs exceeding $2,100, reflecting the shift from cyclical memory pricing to sustained AI infrastructure growth. With October trading underway and fiscal 2027 capex rising, trader focus centers on whether momentum sustains amid broader semiconductor valuations and upcoming economic data releases.