Micron Technology’s stock, recently trading near $1,097 after closing October 1 at that level, has been propelled by explosive AI-driven demand for high-bandwidth memory and DRAM. Fiscal 2026 revenue reached $133.19 billion, up 256% year over year, with Q4 alone delivering $54.23 billion and adjusted EPS of $33.42, both well above consensus. Gross margins expanded sharply to the mid-80s percent range amid tight supply expected to persist through 2028. Management guided fiscal Q1 2027 revenue at $60–63 billion and raised long-term capital expenditure plans, while analysts lifted price targets into the $1,400–$2,100 range. Traders are weighing sustained data-center momentum and committed customer agreements against elevated valuation multiples and potential cyclical pricing risks.