On August 12, Micron Technology rose 5.52% in regular trading, trading at $900.81/share, with turnover of $47.3 billion, leading the memory chip sector higher.

On the news front, UBS maintained its Buy rating on Micron with a $1,625 target price, representing approximately 85% upside from recent levels. UBS raised its forecast for industry HBM average selling prices in 2027 to a 79% increase from a prior 67% estimate, noting that DRAM supply-demand tightness, particularly in HBM, has exceeded earlier expectations. Mizuho simultaneously reiterated its Outperform rating, highlighting that recent stock weakness offers an attractive entry point for investors.

Additionally, Micron management has signaled sustained supply constraints, disclosing 16 long-term supply agreements involving approximately $220 billion in cash commitments from strategic customers. The company outlined a Physical AI decade-long opportunity, noting a single humanoid robot could require hundreds of gigabytes of DRAM and terabytes of solid-state storage. With large-scale new capacity not expected online until 2028, the tight supply-demand dynamic is projected to persist through 2027 and beyond.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)