Micron (MU) stock rallied after the memory and storage solutions company announced new innovations and products. A focus on high-bandwidth memory (HBM) development includes increasing production of its 12-stack HBM3E memory starting later this year. That’s big news for MU stock as the company provides this HBM to Nvidia (NVDA) for its artificial intelligence (AI) products and services. The company is also advancing HBM4 development and plans to sell it next year.
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On the consumer front, Micron announced its new 4600 NVMe SSD utilizing G9 TLC NAND technology. This makes it the second Micron drive to do so and gives it an advantage over rival SSDs using older NAND tech. The drive offers doubles the sequential read performance and two times better power efficiency than previous drives. Micron says it’s a perfect match for professionals, creators, and gamers with high-end computers.
The Latest MU Stock Movement
The most recent HBM and SSD news from Micron excited investors, sending shares of MU stock up 7.31% during normal trading hours yesterday. That came with heavy trading as some 29 million units changed hands compared to a three-month daily average of about 23 million shares. It also appears the stock will largely retain that growth with shares only down 0.14% during pre-market trading today.
That positive stock movement builds on Micron’s success in 2025, which has MU stock up 26.89% year-to-date. The shares are also up 32.87% over the past 52 weeks despite some mid-2024 turbulence.
Is MU Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Micron is Strong Buy based on 21 Buy and two Hold ratings over the last three months. With that comes an average price target of $137.15, a high of $250, and a low of $91. This represents a potential 28.43% upside for MU stock.
