Micron Technology's 637% Surge: Wall Street's AI Rally Propels Chip Giant to Dominance

Boise, Idaho-based Micron Technology (MU), a semiconductor giant valued at $1 trillion, has delivered a staggering 637.6% return over the past year, outperforming the S&P 500 ($SPX) by 16.3%. In 2026 alone, MU surged 187.5%, surpassing the SPX's 8.5% gain. Even the iShares Semiconductor ETF (SOXX) lagged behind with a 100% return. This performance stems from Micron's pricing power in the AI-driven memory market. The company is scaling HBM production with a $250 billion investment through 2035 and securing supply chains with a $3 billion domestic commitment. Analysts expect an 849.6% EPS growth, with the stock beating estimates in all four recent quarters. 40 analysts overwhelmingly rate MU as a Strong Buy. This surge solidifies Micron's leadership in AI and data center demand. How will markets react to this chip king's dominance?