Micron’s share price has been propelled by surging demand for high-bandwidth memory (HBM) and data-center DRAM tied to AI infrastructure buildouts, which delivered record fiscal Q2 2026 results with $23.86 billion in revenue and $12.20 adjusted EPS, well above consensus. Capacity remains sold out through much of 2027 under long-term customer agreements, supporting elevated margins and fueling a near-100% rally over the past month that pushed market capitalization above $1 trillion. Analyst price-target upgrades and expectations for another strong beat when fiscal Q3 results arrive June 24 continue to anchor positive sentiment, though recent broad tech-sector weakness triggered a sharp intraday pullback. Traders are focused on whether momentum holds through the June 1–5 window amid ongoing volatility in semiconductor names.