Micron Rebounds 8.5% as HBM4 Certification and Analyst Targets Overcome Broadcom Anxiety
08.06.2026 - 17:38:32 | boerse-global.de
Monday’s session delivered a sharp reversal for Micron Technology, with the stock climbing 8.53% to close at €819.40. The surge erased much of Friday’s steep decline, when the shares had fallen to €755.00 amid a broader chip-sector rout. The bounce brings the year-to-date gain to 204.61%, though the stock remains 12.71% below its 52-week high of €938.70 set on June 3.
The rally was fueled by two converging catalysts. First, Wells Fargo raised its price target for Micron from $550 to $1,220, maintaining an Overweight rating. The bank cited persistent memory shortages, positive customer conversations, and strong operational execution. At the same time, Cantor Fitzgerald designated Micron a “Top Pick” and lifted its target to $1,500, while Morgan Stanley had earlier increased its own to $1,050. The Street consensus sits at Strong Buy.
Even more consequential, Nvidia CEO Jensen Huang confirmed that Micron has been certified as a supplier of High-Bandwidth Memory 4 (HBM4) for the chipmaker’s upcoming Vera Rubin platform. Huang, speaking in Seoul, described the AI supply chain crisis as a multiyear phenomenon and said AI stocks remain “very cheap.” Micron joins Samsung and SK Hynix in the exclusive supplier circle for Nvidia’s next-generation infrastructure.
Yet the snap-back comes on the heels of a sector-wide jolt. Broadcom had disappointed investors on June 3 by failing to lift its annual AI-chip guidance for the third quarter, prompting a wave of profit-taking across the semiconductor space. Micron was caught in that downdraft, and Friday’s selloff pushed it below the €770 level. Monday’s recovery suggests the market is now distinguishing between company-specific fundamentals and broader industry noise.
Should investors sell immediately? Or is it worth buying Micron?
The fundamental case remains robust. Micron’s entire HBM production is already booked for the current fiscal year, and the company has also pre-sold its 2026 output. That scarcity, combined with the margin-rich nature of HBM products, underpins the bullish thesis. Huang’s remarks reinforce the view that AI-driven memory demand will remain elevated for years.
That bullish narrative, however, is now colliding with valuation reality. The consensus price target, converted from dollars, stands at roughly €640.84 — a full 21.4% below Monday’s close. The stock is pricing in a high degree of optimism, leaving it vulnerable to any disappointment in fundamentals.
From a technical perspective, the uptrend remains intact. The 50-day moving average sits at €543.28, representing a 50.82% premium to that level, while the 200-day moving average at €314.66 is 160.41% lower. The relative strength index at 61.2 has cooled from extreme readings, but the annualized 30-day volatility of 102.45% underscores how violently the stock can swing. Holding above €755.00 will be key for the bulls; a drop below that level would invalidate Monday’s rebound.
Micron at a turning point? This analysis reveals what investors need to know now.
The next major test arrives on June 24, when Micron reports fiscal third-quarter earnings. Analysts expect record revenue of approximately $33.5 billion and adjusted earnings per share of $19.15. With expectations running high after the recent run-up, the results will need to deliver — or risk reopening the fault lines exposed by Broadcom.
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Micron Stock: New Analysis - 8 June
Fresh Micron information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
