Micron’s volatile stock has surged 45% due to AI demand. The company is sold out of high-bandwidth memory and plans a $20 billion spending spree. President Trump and the CHIPS Act aim to boost U.S. semiconductor manufacturing, with Micron investing in New York and Idaho fabs to increase production.

Hyperscalers are driving memory demand, with Goldman Sachs estimating $394 billion spent in 2025 and $527 billion in 2026. Micron CEO Sanjay Mehrotra predicts a supply shortage due to AI data center growth. Micron plans to break ground on a $100 billion fab in New York to meet demand.

Micron’s New York facilities aim to produce 40% of DRAM in the U.S. by the 2040s, generating economic benefits and creating jobs. The $100 billion project will take 20 years and involve semiconductor equipment companies like Applied Materials and Lam Research. Micron’s goal is to establish the U.S. as a semiconductor powerhouse.

Micron’s earnings are projected to climb significantly, with expectations of $32.42 per share in fiscal 2026 and $40.12 in fiscal 2027. Analysts anticipate strong growth, supporting Micron’s revenue, profit, and stock price. Despite supply constraints, Micron’s position in the market looks promising for investors.

Read more at Yahoo Finance: Micron makes massive move as supercycle ramps