Influenced by positive industry signals from the HBM4 price increase, the US memory chip... Micron Technology, a major manufacturer The stock price surged on Wednesday, hitting a new all-time high.
Micron's stock price surged nearly 9% to $237.50 by the close of trading on Wednesday, after hitting an all-time high of $239.88 during the session .
Micron Technology is the hottest semiconductor company in 2025. One of the companies, due to artificial intelligence Infrastructure spending drives demand for high-bandwidth memory Demand for (HBM) has reached unprecedented levels, and the company's stock price has soared by more than 180% so far this year.
Micron Technology 's stock price rally gained new momentum on Wednesday as its South Korean competitor sent positive market signals.
SK Hynix stated that day that it had reached an agreement with Nvidia. Price and quantity negotiations have been completed for the supply of HBM4 next year. A source familiar with SK Hynix said, "The supply price of HBM4 will be more than 50% higher than that of HBM3E."
SK Hynix has confirmed that the unit price of its HBM4 supplied to Nvidia is approximately $560 (about 800,000 Korean won). Previously, industry insiders expected the unit price of SK Hynix's HBM4 to be around $500, but the actual delivery price exceeded expectations by more than 10%, and is more than 50% higher than the currently supplied HBM3E price (about $370).
This news further strengthened bullish sentiment across the storage industry and drove a surge in US storage stocks. Seagate Technology and SanDisk Both stocks rose more than 10% on Wednesday, while Western Digital... It rose by more than 5%.
Micron's explosive stock price surge is a perfect storm of supply constraints and artificial intelligence- driven demand spurts.
Micron's financial report shows that in fiscal year 2025, HBM ( High Bandwidth Memory ), high-capacity DIMM (Dual In-line Memory Module), and server LP DRAM (Low Power Dynamic Random Access Memory) products contributed a total of $10 billion in revenue, more than five times that of fiscal year 2024. In the fourth fiscal quarter alone, HBM product revenue approached $2 billion.
Citigroup analyst Christopher Danely recently raised his price target for Micron Technology to $275. He predicts that DRAM prices will rise 25% in the fourth quarter compared to the third quarter, marking the highest quarterly increase since the 1990s.
BNP Paribas Exane upgraded Micron Technology's rating from "underperform" to "outperform" in mid-last month, raising its price target from $100 to $270.
Earlier this month, Weiss Ratings, an independent financial rating agency in the United States, upgraded Micron's rating from "hold" to "buy," joining the ranks of major investment banks that are bullish.
However, some caution remains in the market. Reports indicate that Micron's HBM4 design faces yield and performance challenges and may require a nine-month redesign, potentially delaying mass production.
Meanwhile, SK Hynix and Samsung are actively expanding their production capacity. Micron's ability to narrow the gap with them in the HBM4 field will be key to maintaining its market share growth.
(Article source: CLS)
