Bernstein has reaffirmed its bullish stance on Micron Technology, maintaining an outperform rating on the memory chip manufacturer as the stock continues its remarkable ascent in 2026.
The investment bank’s latest note highlights the company’s sustained performance, noting that shares have surged approximately eightfold year-to-date.
Micron shares jumped approximately 12% in after-hours trading following the announcement, reflecting investor confidence in the company’s ability to capitalize on the current memory cycle upswing.
This valuation surge follows a period of robust demand for memory chips, driven by the artificial intelligence infrastructure build-out and broader data center expansion.
The analyst firm’s positive outlook comes shortly after Micron reported quarterly results that significantly exceeded market expectations.
The company’s recent earnings release, which featured both revenue and profit figures above consensus estimates, triggered a sharp rally in the stock.
Micron shares jumped approximately 12% in after-hours trading following the announcement, reflecting investor confidence in the company’s ability to capitalize on the current memory cycle upswing.