Micron Technology ($MU) has hit an all-time high of $1,211+ after smashing expectations. The stock has surged over 750% in the past year, driven by strong demand for its High-Bandwidth Memory (HBM).
HBM is a critical component for Nvidia's next-generation AI processors, and Micron is leading production. Its entire HBM production capacity for the rest of 2026 is already sold out.
The company's fiscal Q3 earnings report is due on June 24, 2026, and analysts expect a 270% year-over-year revenue growth. This influx of institutional capital into traditional tech giants could signal a rotation into AI crypto markets.