On August 12, Micron Technology rose 3.03% in pre-market trading, trading at approximately $896.01 per share with turnover of $106 million.

On the news front, Mizuho reiterated its Outperform rating on Micron Technology, noting that recent stock price weakness presents an attractive entry point for investors. The call comes amid a confluence of bullish signals: management recently outlined a Physical AI decade-long opportunity, highlighting that a single humanoid robot could require hundreds of gigabytes of DRAM and terabytes of solid-state storage. The company has disclosed 16 long-term agreements totaling $22 billion in commitments, with supply tightness potentially extending beyond 2027.

Supporting the thesis, UBS recently raised its forecast for industry HBM average selling prices in 2027 to a 79% year-over-year increase, with Micron-specific HBM pricing expected to climb 72%. Micron currently trades at a forward P/E of approximately 6x, with large-scale new capacity not expected to come online until 2028, reinforcing a supply-constrained outlook that underpins medium-term earnings expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)