Micron's (MU) shares surged 4.3% on Friday amid continued strong demand for AI-driven memory

Core Points

• Quarterly earnings report is about to be released, becoming a key turning point
• Micron's strategic advantages in artificial intelligence
• Access to 3 free stock e-books

Quarterly earnings report looming is a key turning point

During early trading on Friday, Micron's share price rose 4.3%. It is expected to achieve a weekly increase of more than 6%. Since peaking in June, the memory chip maker's share price has fallen 20% and began to fluctuate near its 50-day moving average in mid-August.

The company achieved a staggering 236% gain in 2026, and Barron's analysts have previously pointed to the potential to double its share price from the $1,100 level. The fiscal fourth-quarter results report is scheduled to be released on September 30, which could be a critical moment in determining the stock's next important direction.

Micron's strategic advantages in artificial intelligence

As the only American member of the world's "big three" memory chip manufacturers, Micron will benefit from the Trump administration's policy of emphasizing domestic semiconductor production. As major customers such as Nvidia, AMD and Intel seek to minimize tariff risks through domestic procurement, Micron may become the preferred storage supplier for these companies.

The company recently announced a $10 billion investment plan to build R & D and manufacturing facilities in the United States as part of its ambitious $250 billion domestic investment strategy. President Trump publicly praised the move.

Wall Street's sentiment for Micron has strengthened significantly, with several analysts predicting the stock will hit a record high. Meanwhile, SK Hynix American Depositary Receipts (ADRs) rose 3.4%, and Sandisk rose 5.6%.

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