Micron Technology shares are drawing increased investor attention ahead of the company’s fiscal second-quarter earnings report on March 18. Citigroup analysts reiterated their “Buy” rating and raised the stock’s price target, expecting further growth driven by strong demand for memory from artificial intelligence infrastructure and data centers.

Micron is one of the leading manufacturers of DRAM and NAND memory chips used in servers, smartphones, and storage systems. Over the past year, the company’s stock has surged more than 300% amid a global memory shortage and booming investment in AI infrastructure. Despite a recent pullback, the shares remain about 370% higher than a year ago.

In the first quarter of fiscal 2026, Micron posted strong results: revenue increased 56.7% to $13.6 billion, while earnings per share reached $4.78 compared to $1.79 a year earlier. The DRAM segment was the main growth driver, with revenue rising 69% thanks to strong demand from cloud services and data centers.

Analysts expect the company to generate around $19 billion in revenue and more than $8.5 in earnings per share in the second quarter. Most Wall Street experts remain optimistic: out of 41 analysts, 32 recommend buying Micron shares, believing the AI-driven memory boom could continue in the coming years.