Wedbush says Micron still has room to run

Memory prices are doing the heavy lifting

Micron got another dose of optimism from Wedbush, which pointed to rising memory prices as the key reason the stock could have more upside. In chip land, that’s the kind of backdrop that can turn a sleepy tape into a pretty fun one.

For Micron, this matters because pricing is the whole game. When DRAM and NAND prices firm up, the company can usually squeeze more profit out of each chip it ships — and that can make the earnings setup look a lot less like a shrug and a lot more like a mic drop.

Why investors care

If you own Micron, you’re basically betting on two things:

• memory demand staying healthy, especially from AI and data center customers
• pricing not rolling over like it’s had too much dessert

Wedbush’s call reinforces the idea that Micron’s setup may still have legs, especially if memory tightness keeps improving. That doesn’t mean the stock gets a free pass forever — chip cycles are moody little beasts — but it does suggest the bull case still has some oxygen.

Big picture

Micron tends to live and die by the memory cycle, and right now the cycle is looking friendlier. If prices keep climbing, investors may keep treating MU like a leverage play on the AI buildout rather than just another cyclical chip name.