Micron Technology Inc. (NASDAQ: MU) was trading at approximately $771.20 on Friday, May 22, after touching a session high of $772.30 and a low of $747.27 in volume of 19.3 million shares.
The stock’s 52-week range of $90.93 to $818.67 reflects one of the most dramatic recoveries in the semiconductor sector, with MU having gained over 750% from its annual low.
Micron announced this week that it has officially started 1-alpha DRAM manufacturing at its Manassas, Virginia fabrication facility, representing a significant milestone in the company’s US production ramp.
The Manassas development underscores Micron’s effort to build domestic memory chip capacity at a time when geopolitical tensions with China and Taiwan have elevated the strategic importance of US-based chip manufacturing.
DRAM and high-bandwidth memory demand has accelerated dramatically in 2026, driven by the insatiable appetite for memory capacity in AI training and inference workloads.
Micron is a primary beneficiary of the high-bandwidth memory boom, with its HBM3E product adopted across multiple AI accelerator platforms.
The stock was identified this week by an analyst as carrying massive upside despite near-term volatility, with a long-term price target significantly above current levels.
Micron’s 52-week high of $818.67 is within relatively close range of Friday’s price, suggesting the stock may be approaching near-term resistance.
Trading volume of 19.3 million was well below the 56.85 million daily average, indicating the session was not driven by unusual institutional activity and that gains were broad-based.
The company’s next major catalyst is expected to be its quarterly earnings report, which will provide updated guidance on HBM shipment volumes and pricing trends.
