The storage industry is expected to remain highly prosperous! Micron Technology, Inc. directors are investing heavily.

Micron Technology, Inc. revealed that its director Teyin Liu purchased 23,200 shares of Micron Technology, Inc. common stock with a transaction size of $7.8 million. The purchase price range was between $336.63 and $337.50 per share. After the transaction, Teyin Liu directly owns 25,910 shares of Micron Technology, Inc. stock. Data shows that Micron Technology, Inc. stock has risen over 240% in 2025, and has increased by nearly 18% since the beginning of this year. The impressive performance of Micron Technology, Inc. stock is attributed to the storage industry entering an upward cycle driven by the wave of artificial intelligence (AI) infrastructure. In 2025, with the global AI infrastructure construction entering a boom period, the storage industry is experiencing a "super cycle." The core logic is that on one hand, AI servers require storage capacity and bandwidth far beyond regular servers. On the other hand, industry capacity is shifting towards high-end storage products (such as HBM), squeezing the capacity of traditional storage products, which has led to a rise in prices across the entire storage industry. It is worth noting that this "super cycle" in the storage industry is expected to continue until at least 2026, as indicated by the extremely optimistic performance outlook provided by Micron Technology, Inc. in its financial report released in December last year. Micron Technology, Inc. predicted that in the second quarter of the 2026 fiscal year, revenue would be $18.3-19.1 billion, surpassing market expectations that had been raised to $14.4 billion; it expected adjusted earnings per share to be $8.22-8.62, far exceeding the market expectation of $4.71. This guidance indicates strong demand for storage chips under the global AI infrastructure wave. The company also raised its 2026 fiscal year capital expenditure expectation from $18 billion to $20 billion, highlighting the accelerating pace of capacity expansion driven by the continued explosive demand for storage chips. Analysts at Citigroup have a more bullish outlook. They believe that due to the widespread adoption of AI intelligent bodies and the surge in AI CPU memory demand, storage chip prices will experience a runaway increase in 2026. Citigroup analysts have raised their expected average selling price (ASP) increase for DRAM in 2026 from 53% to 88%, and for NAND from 44% to 74%. Nomura analysts believe that this "storage industry super cycle" that began in the second half of 2025 will continue at least until 2027, and significant new supply is not expected to appear until early 2028 at the earliest. Nomura analysts suggest that investors should continue to be overweight in leading storage companies in 2026, making the "price-profit-valuation" of storage chips the main theme of their storage investments in 2026, rather than simply focusing on storage as a single HBM theme.