Analysts Forecast Micron's 74% Surge to $1 Trillion on AI HBM Boom

Wall Street predicts Micron could hit $1 trillion market cap with a 74% share rise to $871, as EPS jumps fivefold over two years at a forward P/E of 9, fueled by AI high-bandwidth memory demand. The outlook follows Nvidia CEO Jensen Huang's March 17 forecast doubling data-center chip sales to over $1 trillion in two years from $500 billion, highlighting $8-10x supply-chain multipliers. Micron's March 30 fiscal Q2 crushed expectations with revenue tripling to $23.9 billion, margins soaring to 69%, and fiscal 2026 capex hiked above $25 billion amid 50-66% unmet demand.