Thu Dec 18 15:20:00 UTC 2025: Here’s a summary of the text, followed by a rewritten news article:
Summary:
Micron Technology’s stock surged 12% after exceeding first-quarter fiscal estimates and signaling strong demand for its memory chips, particularly driven by the needs of data centers and AI servers. The company anticipates significant growth in the high-bandwidth memory market, forecasting a $100 billion total addressable market by 2028. Due to high demand outpacing supply, Micron raised its capital expenditure guidance. Wall Street analysts have responded positively, with JPMorgan raising its price target and Bank of America upgrading the stock. Morgan Stanley noted the results as one of the best in the U.S. semi-conductor industry.
News Article:
Micron Stock Soars on Booming Memory Chip Demand Fueled by AI, Data Centers
New York, NY – Micron Technology (MU) shares skyrocketed 12% today after the company announced stellar first-quarter fiscal results and projected substantial growth in demand for its memory chips. The surge is fueled by the burgeoning needs of data centers and artificial intelligence (AI) servers, positioning Micron as a major beneficiary of the AI boom.
Micron reported adjusted earnings of $4.78 per share on revenue of $13.64 billion, significantly exceeding analysts’ expectations of $3.95 per share and $12.84 billion, respectively. Looking ahead, the company anticipates revenues of approximately $18.70 billion and adjusted earnings of $8.42 per share for the current quarter, far surpassing market forecasts.
“We are more than sold out,” stated business chief Sumit Sadana during an earnings call, indicating that demand is significantly exceeding supply “for the foreseeable future.” This robust demand has led Micron to increase its capital expenditure guidance from $18 billion to $20 billion.
Micron is particularly optimistic about the high-bandwidth memory (HBM) market, projecting a total addressable market of $100 billion by 2028, with a compounded annual growth rate of 40%.
Wall Street analysts reacted positively to the news. JPMorgan raised its price target on Micron, citing the favorable pricing environment. Bank of America upgraded the stock to a “buy” rating. Morgan Stanley lauded the results as “the best revenue and net income upside in the history of the U.S. semis industry outside of Nvidia,” suggesting that memory chip manufacturers like Micron will increasingly benefit from the broader AI market growth. Analysts at Morgan Stanley wrote, “If AI keeps growing as we expect, we believe that the next 12 months are going to have broader coat tails to the AI trade than just the processor names and memory would be the biggest beneficiary.”
The results solidify Micron’s position as a key player in the semiconductor industry and a major beneficiary of the ongoing AI revolution.
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