Micron stock climbs above $1,000 on AI memory demand

Micron Technology (US5951121038) stock rose 4.13% to $1,011.75 on August 17, 2026, reclaiming the $1,000 level in the latest completed session. The move came alongside a market cap of $1.10 trillion and a 52-week range of $113.46 to $1,255.00.

Record quarter still matters

Micron's latest reported quarter ended May 28, 2026 and delivered $41.46 billion in revenue, up 345.8% from the same quarter a year earlier. EPS came in at $25.11, beating the $21.39 consensus by $3.72.

Management also set Q4 2026 guidance at $30.00 to $32.00 EPS, while analysts tracked in current estimates see $31.30 EPS for the August 2026 quarter and $73.39 for fiscal 2026.

AI memory stays central

That backdrop keeps the focus on high-bandwidth memory, the product family that sits at the center of AI server demand. Micron's reported fiscal Q3 results and its guided step-up into the next quarter give investors a concrete read on how quickly that demand is translating into profit.

The stock's 4.13% gain also sits against a much larger year-to-date advance of 254.71%, which underlines how much of the rerating has already happened before the next earnings date.

More on Micron stock

Micron's HBM business is a key representative product line for the current cycle, with AI accelerators and high-performance systems driving demand for stacked memory. The market now watches whether that demand can keep supporting both volume and pricing.

Shares near record territory

Micron shares closed at $1,011.75 on August 17, 2026, just below the 52-week high of $1,255.00 and far above the 52-week low of $113.46. That makes the next trading sessions a test of whether the stock can hold above the $1,000 mark.

Company facts

Company: Micron Technology, Inc.
ISIN: US5951121038
Ticker: MU
Exchange: NASDAQ
Price (as of August 17, 2026, 4:00 p.m. ET): $1,011.75 USD
Market cap: $1.10 trillion
Sector / Industry: Information Technology / Semiconductors
Index membership: Nasdaq-100