Micron Technology, Inc. (Nasdaq: MU) stock has skyrocketed to a new all-time high following its endorsement by U.S. President Donald Trump.
MU stock had surged roughly 24% over the past five days, trading around $888.59, according to market data from Finbold. Micro’s stock gained more bullish momentum after President Trump recently said the company is great.
“Micron is great. They are investing hundreds of millions. In fact, it could probably be very close to over $100 billion by the time they finish in Clay, New York,” Trump said on May 22.
With the MU stock already in price discovery, the company’s market capitalization has surged to nearly $847 billion at press time. Moreover, the company’s stock has added over $174 per share over the past 5 days.
As such, UBS analyst Timothy Arcuri released a research note on Tuesday, sharply raising MU’s price target from $535 to $1,625 while keeping a Buy rating. The bank also increased Micron’s earnings estimates for calendar years 2027, 2028, and 2029 to $155, $167, and $117 per share, up from $133, $122, and $77, respectively.
Meanwhile, Mizuho Financial Group maintained its Outperform rating and $800 price target for Micron.
What’s next for Micron stock?
The near-term outlook for Micron stock could be impacted by its quarterly performance. Furthermore, the company delivered strong second-quarter earnings, surpassing analyst expectations and reinforcing confidence in its long-term growth trajectory.
Notably, Micron posted Q2 fiscal 2026 revenue of $23.86 billion, nearly tripling year-over-year. With the company’s support from the local, state, and federal governments to ensure the U.S. leadership in memory development and manufacturing, the odds of MU’s further growth remain solid.
Amid the rising speculation for MU, Finbold AI Agent – an advanced financial assistance tool – has issued a precautionary warning for the next 60 days. The Finbold AI Agent predicted that MU stock could drop 17.27% by July 25, 2026, to revisit $735.39.
