Why Micron Stock Is Gaining Today

After sell-offs in yesterday’s trading, Micron (NASDAQ: MU) stock is moving higher in Friday’s session. The memory-chip company’s share price was up 4.8% as of 3:45 p.m. ET. The S&P 500 was down 0.6% at the same point in the session, and the Nasdaq Composite had declined 1.1%.

The broader stock market has continued to see volatility today due to dynamics connected to the U.S. and Israel’s war with Iran, but Micron stock is moving higher. Its share price is getting a boost from positive analyst coverage ahead of the company’s upcoming quarterly report.

Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »

Image source: Getty Images.

Wedbush Morgan published new coverage on Micron today and reiterated an outperform rating on the company. More importantly, the investment firm raised its one-year price target on the stock from $320 per share to $500 per share. Matt Bryson, Wedbush’s lead analyst on the stock, said that the memory-chip leader had a promising setup heading into its second quarter report next week.

After the market closes on March 18, Micron is scheduled to publish results for the second quarter of its current fiscal year — a period which concluded at the end of February. Bryson expects that the company’s Q2 results and Q3 guidance will exceed the market’s expectations.

Micron’s fiscal Q2 report is poised to be an important event for the artificial intelligence (AI) hardware industry and broader stock market. Due to its status as the leading provider of memory chips used for AI processors, the company’s sales performance has become a meaningful bellwether for demand in the overall AI space. There seems to be a good chance that the company will post sales and earnings that beat the average analyst estimates thanks to high demand for AI memory chips, but expectations are high heading into the report.

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $475,040!*

  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $48,701!*

  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $508,607!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.

See the 3 stocks »

*Stock Advisor returns as of March 9, 2026

Keith Noonan has positions in Micron Technology. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.

Why Micron Stock Is Gaining Today was originally published by The Motley Fool

Source link

Visited 1 times, 1 visit(s) today

Related Article

3 Top Tech Stocks That Could Make You a Millionaire

Most investors understand that diversifying their portfolio across sectors, companies, and asset classes is the best way to minimize risk. As most veteran investors can also confirm, however, the technology sector has consistently — even if erratically — outperformed all other sectors over the course of the past three decades. Its leadership isn’t likely to

3 No-Brainer Warren Buffett Stocks to Buy Right Now

Warren Buffett, often called the greatest investor of all time, stepped down as chairman and CEO of Berkshire Hathaway in December 2025. Yet while Greg Abel, Buffett’s successor, is now at the helm of the Omaha, Nebraska-based holding company, he isn’t looking to rock the boat. As discussed in his recently released 18-page letter to

3 reasons why the stock market might crash — and what I’m doing about it…

Image source: Getty Images The global stock market is highly volatile and right now a crash can’t be ruled out. I’m not panicking, as history shows that share prices always recover after periods of bumpiness. In fact, being prepared for a market correction can lead to enormous profits. First, let’s look at why equities could

Assessing BP (LSE:BP.) Valuation After Recent Share Price Momentum

Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge. BP (LSE:BP.) has come into focus for investors after a period of solid share price movement, with the stock showing gains over the past week, month and past 3 months that stand out on recent screens. See our

Could Buying the Vanguard Total Stock Market ETF in 2026 Make You a Millionaire?

The Vanguard Total Stock Market ETF (NYSEMKT: VTI) is an exchange-traded fund (ETF) that tracks the performance of the CRSP U.S. Total Market Index, which invests in all 3,498 companies listed on American stock exchanges. That means the ETF offers exposure to multitrillion-dollar technology powerhouses like Nvidia and Microsoft, in addition to small-cap growth stories

Why March 16 Could Be a Big Day for the Stock Market

The S&P 500 has soared over the past few years for various reasons — from optimism about a lower interest rate environment to excitement about artificial intelligence (AI) stocks. But, in recent weeks, sentiment has shifted from exuberance to concern. Investors have questioned the strength of AI revenue prospects, have worried about economic growth, and

You Won’t Believe How Much Money Berkshire Hathaway Gets From Coca-Cola Dividends

Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) built up a position in Coca-Cola (NYSE: KO) stock between 1991 and 1994, and today, it owns 9.3% of the company, a position worth more than $31 billion. Coca-Cola is the classic Dividend King, with an almost unbeatable track record of raising its dividend for 63 years consecutively. That’s

How The Nasdaq (NDAQ) Story Is Shifting With AI Themes And Higher Analyst Targets

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Nasdaq’s analyst fair value estimate has been nudged higher, from US$107.73 to US$108.53, which is putting fresh attention on how the market is thinking about

Here’s Why USA Rare Earth Shares Crushed The Market This Week

USA Rare Earth (USAR 1.67%) bucked the market this week by rising 11.5% when the S&P 500 declined. It’s a performance that reflects some positive news flow around the company’s long-term growth aspirations. USA Rare Earth derisks its business plan Two recent developments are noteworthy for investors. First, the company agreed to acquire the remaining

The Smartest Growth Stock to Buy With $200 Right Now

Fast-growing companies whose revenue and earnings increase at a faster pace than the broader market can help investors generate market-beating returns. These high-growth companies can achieve impressive growth rates for a variety of reasons, including launching competitive products, dominating lucrative markets, expanding into new areas, or creating new markets. Nvidia (NVDA 1.56%) is one such

Dividend stocks are catching up to tech stocks on key earnings metric

Dividend-paying companies are rapidly closing the earnings growth gap with technology stocks and contributing more earnings momentum to the S&P 500. After a significant increase over the past year on this key earnings metric, the trend suggests that dividend stocks may present an even stronger case to investors seeking income and safety in a volatile

The Best Blue Chip Stock to Buy After This Year’s Market Pullback

The S&P 500 has declined 3% year to date amid inflation, a lack of interest rate cuts, intensifying conflicts across the Middle East, and other macro headwinds. Yet over the past five years, the S&P 500 has still rallied nearly 70% — so it’s really just a mild pullback. Nevertheless, long-term investors should always view

Here Are My Top 3 High-Yield Dividend Stocks to Buy Now

From oil briefly crossing $100 a barrel to some of the largest swings in the major indexes in months, some investors may be feeling a bit queasy aboard the 2026 topsy-turvy stock market roller coaster. Generating passive income from stocks is a great way to offset some of the headaches that can come with market

Hims Shares Notch Record Week as Novo Pact Spurs Optimism

Bloomberg (Bloomberg) — Hims & Hers Health Inc. shares posted their best week on record as a new partnership with Novo Nordisk A/S fuels fresh optimism about the company’s future in weight-loss drugs. The San Francisco-based company’s stock climbed about 57% this week, rallying in four of the past five trading sessions. Most Read from

3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

You should never be unwilling to pay a premium price for a quality stock. If you can buy a quality stock at a discounted price, however, then so much the better. If you’ve got a little money you’re looking to put to work but don’t want to step into one of the market’s many overvalued

0
Would love your thoughts, please comment.x
()
x