Micron has more than tripled in 2026. Deutsche Bank says the rally isn't over - CNBC

According to CNBC, Micron Technology's stock price surged more than threefold in 2026, with Deutsche Bank suggesting that the upward trend is not yet over. This news highlights the recovery and growth... Read original →

Micron’s 2026 stock surge stems not from speculation but from tangible AI-driven demand for HBM and 3D NAND. Upstream, equipment makers like Lam Research and ASML benefit directly from Micron’s capacity expansion; downstream, server OEMs face architectural lock-in to HBM3E. Geopolitically, U.S. export controls compel Micron to shift advanced packaging to the U.S. and India—raising capex by over 15% but securing subsidies and supply chain ‘de-risking’ premiums. SK hynix’s HBM4 lead will trigger Samsung to accelerate GDDR7 for AI training, while Taiwan, China-based rivals remain bottlenecked by EUV access. Over the next 18 months, surging demand for power-efficient memory in AI inference will let Micron capture tier-2 customers with CoWoS-compatible HBM, widening its generational lead over mid-tier competitors.