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Micron Technology Inc. stock surged 4.2% to $998.385 on Friday following the launch of OpenAI's GPT-6 Astra.

Micron Technology Inc. saw its stock price rise approximately 4.2% to $998.385 on Friday. The increase was driven by the launch of OpenAI's GPT-6 Astra, which provided additional momentum to the AI-infrastructure trade. The company's market value reached approximately $1.14 trillion, following a 236% increase in 2026. Micron Technology Inc. reported fiscal third-quarter revenue of $41.46 billion and adjusted free cash flow of $18.3 billion. Data-center and cloud-memory sales accounted for approximately 61% of total revenue. The company has secured 16 strategic customer agreements, including 14 that carry cumulative revenue at minimum prices of roughly $100 billion over the remaining term through 2030. These take-or-pay agreements cover roughly 20% of DRAM volume and 33% of NAND volume. While the stock trades at 61.51% above its GF Value, analysts maintain an optimistic outlook. The average analyst price target is approximately $1,556.55, suggesting more than 63% upside from current levels. However, investors face risks from increased supply from Chinese memory companies and the potential for more supply to enter the market as prices rise.

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