Micron Technology Inc.’s depository in Thailand surged during the trading session on March 12, 2026, as the broker is bullish on the company’s continuous growth, following strong earnings in the previous quarter. Micron closed 3.86% higher in Wall Street last night at $418.69 per share.
Krungthai XSpring Securities recommended BUY on Micron Technology, citing that the company is emerging as a primary beneficiary of the global artificial intelligence infrastructure boom, according to a March 2026 report by Krungthai XSpring. Analysts have issued a “Buy” recommendation for the semiconductor giant with a target price of USD 422.24 and THB 13.10 for the Thai DR MICRON80, citing explosive growth in high-performance memory demand.
The company’s 1QFY26 results (ending November 2025) significantly exceeded market expectations, with revenue reaching $13.64 billion, a 57% year-over-year increase. This performance was underpinned by a staggering 100% growth in Cloud Memory, while normalized earnings per share (EPS) surged 167% to $4.78.
A critical driver for Micron is its strengthening position in the High Bandwidth Memory (HBM) market. Currently holding a 20% market share—ranking third globally behind SK Hynix and Samsung—Micron is strategically positioned to capture the burgeoning AI data center sector. The report projects the HBM market will expand from $35 billion in FY2026 to $100 billion by FY2028.
Management has revised its FY2026 demand outlook upward, now expecting DRAM growth of 20% and high-teen growth for NAND. This optimism is rooted in a prolonged supply shortage as AI-related investments outpace production capacity, a trend the company expects to continue over the long term. Micron’s diverse business units, ranging from data centers and mobile to automotive and industrial embedded solutions, are all set to benefit from this tight market environment.
Financially, Micron has demonstrated a remarkable recovery, swinging from a net loss in FY2023 to a net profit of $8.54 billion in FY2025. With the semiconductor industry currently in a high-growth phase of its cycle, Micron’s specialized portfolio in DRAM, NAND, and NOR Flash makes it a cornerstone of the modern computing landscape.
