Micron Technology shares could surge to $2,000 within the next twelve months, according to an analysis by WatcherGuru, driven by an intensifying AI-driven memory shortage that shows no signs of easing. The stock has already gained about 162% year to date as of mid-May, with DRAM contract prices forecast to jump between 58% and 63% this quarter and Gartner calling for a full-year DRAM price increase of 125%. Micron's high-bandwidth memory supply is essentially sold out for 2026, while its new Singapore facility will not reach volume production until the second half of 2028. Adjusted earnings jumped 7.8 times year over year in the second fiscal quarter, and analysts forecast earnings per share of $58.11 for fiscal 2026 — up from $8.29 the prior year — and $101.78 for fiscal 2027. At 22 times fiscal 2027 earnings, the implied stock price is roughly $2,239. The stock currently trades at about 7.6 times forward earnings. Micron closed at $681.54 on May 18. Its next earnings report is due June 23.