Micron Technology's stock soared over 6% on October 16, 2025, reaching a record high of $204.25. The company's valuation has nearly doubled this year, fueled by strong demand from AI applications and data centers. Micron reported record fiscal 2025 results, with $37.4 billion in revenue and $8.5 billion in net income. The surge in demand for Micron's HBM3E memory technology, essential for AI servers, has led to a sell-out of HBM products through next year. Analysts remain optimistic about Micron's prospects, with 26 out of over 30 analysts rating the stock as Buy or Overweight.