Micron stock tops $1,080 as Wall Street bets AI memory demand outruns supply

Micron stock has climbed above $1,080 ahead of its September 30 fiscal Q4 earnings, with Wall Street expecting adjusted EPS of $31.49 on roughly $50.92 billion in revenue. Analysts at Citi and UBS have raised price targets as high as $1,625, citing DRAM and HBM supply that can't keep up with AI data center demand.