Micron (MU) shares closed at $1,074.89 on October 2 after a post-earnings pullback, following the company’s September 30 fiscal Q4 report that delivered record $54.23 billion revenue—well above consensus—and non-GAAP EPS of $33.42. Strong AI-driven demand for high-bandwidth memory (HBM) and DRAM propelled gross margins above 85 percent and supported guidance for fiscal Q1 2027 revenue of $61.5 billion ± $1.5 billion. The stock has risen more than 485 percent over the past year amid tight supply and elevated pricing, though recent trading reflects profit-taking and questions about the durability of the cycle beyond 2027. Analyst price targets average near $1,520, with several firms raising estimates post-earnings. Key near-term influences include semiconductor sector flows, broader equity volatility, and any updates on memory pricing or capex plans ahead of the December earnings release.