Micron Technology shares, recently trading near $983 after a sharp 5.9% rally on October 28, are driven by AI-fueled demand for DRAM and high-bandwidth memory that has produced record results and a confirmed supply shortage extending through 2030. SK hynix’s sold-out outlook and 80%+ margins reinforced pricing power across the sector, lifting Micron after its own fiscal Q4 2026 revenue of $54.23 billion and non-GAAP EPS of $33.42. The stock trades at a forward multiple near 12–13 despite triple-digit revenue growth, with consensus analyst targets clustered around $1,560. Traders will monitor December earnings, continued data-center SSD momentum, and broader tech sentiment for near-term moves in November.