Micron's AI memory push: MU at $365 and 11.45x forward P/E, $500 scenario by 2026

Micron Technology shares recently traded near $365.00 with a forward P/E of 11.45, well below the semiconductor industry's 37.29. The analysis highlights AI's memory bottleneck, rising HBM adoption, and strong fiscal Q1 2026 metrics as potential drivers, outlining a case for MU to approach $500 by the end of 2026.