Micron surges after upbeat results on booming AI chip demand
ReutersDec 18, 2025 9:28 AM
Micron Technology MU.O shares rise 9.4% to $246.6 premarket
Memory chipmaker expects Q2 adjusted EPS of $8.42 vs estimates of $4.78; revenue forecast of $18.70 bln vs $14.20 bln estimate
Cites high demand and strong pricing for high-bandwidth memory chips used in AI hardware
As long as the AI music plays, we believe this is going to keep happening ... through CY26 and likely CY27" - Morgan Stanley
Raises 2026 capex plans to $20 billion from $18 billion estimate
39 brokerages rate it "buy" or higher, 6 "hold" and 1 "sell" or lower; median PT $270 - data compiled by LSEG
MU shares have more than doubled in value YTD, as of last close
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