{"slug": "micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2", "title": "Micron soars as UBS more than triples price target to $1,625, predicting a near $2 trillion memory juggernaut", "summary": "UBS analyst Timothy Arcuri more than tripled his price target on Micron to $1,625, predicting the memory chip maker could reach a valuation of nearly $2 trillion. Shares surged 8% in early trading, rising over 780% in the past year, as the AI boom drives demand for memory chips and long-term supply agreements provide profit visibility through 2029. The bullish outlook also lifted peers Sandisk, Western Digital, and Seagate Technology by up to 3.9%.", "body_md": "# Micron soars as UBS more than triples price target to $1,625, predicting a near $2 trillion memory juggernaut\n\nIt’s different this time.\n\nThat’s the call from UBS analyst Timothy Arcuri, who more than tripled his price target on memory specialist [Micron](https://robinhood.com/us/en/stocks/MU/?source=sherwood) to $1,625 from $535. If his view were realized, the company would be worth north of $1.8 trillion.\n\nShares are surging 8% in early trading, and are up more than 780% over the past year. The AI boom’s brainpower needs to “remember” (that is, access) the information it’s processing, driving a spike in memory chip prices.\n\nDespite Micron going up and to the right for months on end, Arcuri argues that a) its future profitability is still underappreciated, and b) investors should be willing to pay more for these earnings, because a large chunk of demand is already locked down.\n\nMicron’s forward price-to-earnings ratio is about 8.25x versus 20.9x for the S&P 500 as a whole, which is effectively investors’ way of showing they expect the company’s pricing power and runaway profit growth will sour.\n\n“We believe the market will start to put a more ‘normal’ multiple on the stock and Micron will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” he wrote.\n\nLong-term purchasing agreements are providing strong visibility to the ample runway for high profits through 2029, per Arcuri, which will help the company avoid its typical boom-bust cycle.\n\nThese supply pacts “allow Micron to trade some near-term revenue for demand visibility and a smoother earnings profile,” he concluded.\n\nThe sunny sentiment on Micron is also lifting peers, with [Sandisk](https://robinhood.com/us/en/stocks/SNDK/?source=sherwood), [Western Digital](https://robinhood.com/us/en/stocks/WDC/?source=sherwood), and [Seagate Technology Holdings](https://robinhood.com/us/en/stocks/STX/?source=sherwood) all up between 2.8% and 3.9% as of 8:50 a.m. ET.", "url": "https://wpnews.pro/news/micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2", "canonical_source": "https://sherwood.news/markets/micron-soars-ubs-more-than-triples-price-target-to-1625-wall-street-high-memory-chips-ai-boom/", "published_at": "2026-05-26 13:08:50+00:00", "updated_at": "2026-05-26 23:44:21.921646+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["Micron", "UBS", "Timothy Arcuri", "S&P 500"], "alternates": {"html": "https://wpnews.pro/news/micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2", "markdown": "https://wpnews.pro/news/micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2.md", "text": "https://wpnews.pro/news/micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2.txt", "jsonld": "https://wpnews.pro/news/micron-soars-as-ubs-more-than-triples-price-target-to-1625-predicting-a-near-2.jsonld"}}