Analysts sharply upgraded Micron and its stock jumped after the company posted much stronger-than-expected first-quarter results, with DRAM revenue up 69 percent year over year and shares rising as much as 14 percent, following CEO Sanjay Mehrotra's warning that tight DRAM and NAND supply will persist through and beyond 2026 amid surging AI demand.Micron reported record quarterly revenue of $13.64 billion, said it has shut its Crucial consumer unit to prioritize high‑margin HBM production, plans roughly 20 percent higher DRAM and NAND shipments next year while expanding factories in Idaho and New York, and drew praise and higher price targets from Morgan Stanley, Bank of America, Mizuho and BNP Paribas.