Micron Stock Momentum Surges As Q2 Earnings Smash Estimates, CEO Sanjay Mehrotra Calls Memory 'Strategic Asset'

Micron Technology, Inc. reported Q2 revenue of $23.86 billion, exceeding analyst estimates of $19.94 billion, with adjusted earnings of $12.20 per share compared to the projected $9.21. CEO Sanjay Mehrotra highlighted that memory has become a 'strategic asset' in the AI era, with supply-demand conditions for DRAM and NAND expected to remain tight beyond 2026. The company's stock momentum score increased significantly from 24.18 to 50.9 week-over-week, while Baird raised its price target to $500, citing strong demand for DRAM and HBM from AI chips.