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Mar 10, 2026 12:00 PM

Forget Nvidia, This Chip Stock Has Exploded 533% — And Wall Street Says That Was Just The Warmup

Micron Technology Inc. (NASDAQ:MU) has become one of Wall Street's most explosive AI winners, leaping 533% since last April's tariff-driven selloff. 

MU stock is moving. See the chart and price action here. 

HBM Demand is Soaring

Once overshadowed by Nvidia's (NASDAQ:NVDA) trillion-dollar rise, Micron is emerging as the surprise leader in the AI chip supply chain thanks to its critical role in next-generation memory technology.

Micron's surge is due, in part, to its high-bandwidth memory (HBM3E), a cornerstone component for artificial intelligence data centers powering advanced GPUs and large language models. 

The HBM3E chips are viewed as essential hardware for AI workloads that demand rapid data access and massive energy efficiency. 

Analysts estimate Micron's ...