On June 16, 2026, Micron Technology’s stock price briefly touched a 52-week high of $1,089.29 intraday, then edged back down slightly. By the close, it was $1,087.8, up 10.9% for the day. In the days prior, the stock had already been rising in succession, coming close to its historical peak. This round of gains is not an isolated case—this year, the three major players in the memory chip sector have all posted extremely strong stock price increases. So far in 2026, Micron’s share price has risen by a total of 249.12%, Samsung Electronics by 174.96%, and SK Hynix by 218.57%.

However, after Micron’s sharp drop in early June, it achieved a V-shaped rebound in less than two weeks and pushed close to its historical highs, and the market has shown clear differences over the sustainability of this storage “super cycle.”
Why did Wall Street intensively raise its price targets for Micron within two days?
From June 15 to 16, multiple Wall Street