Micron Technology ( MU ) stock gained on Monday after the company lifted its fourth-quarter fiscal 2025 guidance, citing stronger-than-expected pricing, particularly in DRAM, and solid operational execution.

The company expects a quarterly revenue of $11.1 billion-$11.3 billion (up from prior $10.4 billion-$11 billion) versus an analyst consensus estimate of $10.73 billion.

It now expects quarterly adjusted EPS of $2.78-$2.92 (up from prior $2.35-$2.65) versus an analyst consensus estimate of $2.44.

Also Read: Micron Launches First Space-Ready Memory Chip To Power AI Missions In Orbit

The revision signifies continued AI frenzy as the U.S. big tech giants keep splurging on their AI ambitions.

Meta Platforms ( META ) , Microsoft ( MSFT ) , and Alphabet Google are set to pour more than $250 billion into AI infrastructure between 2025 and 2026, with Meta guiding for nearly $100 billion in 2026 capex, Google boosting its 2025 outlook to $85 billion, and Microsoft’s spending trending above $100 billion annually.

Wedbush’s Dan Ives called it a “watershed moment” with years of explosive AI growth ahead. At the same time, JPMorgan sees under-the-radar hardware and infrastructure players as primary beneficiaries of this investment surge.

Last week, Apple ( AAPL ) announced an additional $100 billion U.S. investment.

Micron stock gained over 47% year-to-date, topping the NASDAQ Composite Index’s over 11% returns. This was driven by strong demand for its memory chips, particularly High-Bandwidth Memory (HBM) and specifically HBM3E.

HBM3E powers AI accelerators like Graphics Processing Units (GPUs) and Application-Specific Integrated Circuits (ASICs). Micron supplies HBM3E for Nvidia’s Blackwell and Rubin GPU lines and to other customers for use in GPUs and ASICs.

Price Action: MU stock is trading higher by 4.29% to $124.00 at last check on Monday.

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