MU is trading at $785.01 (+5%) in pre-market, extending its AI-driven rally fueled by stock split speculation and surging demand for memory chips.
- DRAM prices are projected to spike 125% by 2026 as the industry enters a period of memflation and rapid price recovery.
- The move follows a 15% gain on May 8, with analysts at Mizuho recently raising their price target to $740 citing robust AI component tailwinds.