# Micron Stock Targets $3,000 with $35.16B Buyback

> Micron's $35.16 billion stock buyback program could push shares to $3,000 as AI demand boosts memory prices.
- Title: Micron Stock Targets $3,000 with $35.16B Buyback | Shortify
- Summary: Micron's $35.16 billion stock buyback program could push shares to $3,000 as AI demand boosts memory prices.
- Keywords: micron, stock buyback, ai infrastructure, memory chips, semiconductor, share price, fiscal 2026, free cash flow, finance, money, Stock, Targets
- Source: The Motley Fool — https://fool.com/investing/2026/10/12/3516-billion-reasons-micron-stock-is-headed-to-300
- Author: Adam Spatacco
- Published: 2026-10-13T00:00:00+00:00
- Read time: 1 min
- Topics: micron, stock buyback, ai infrastructure, memory chips, semiconductor, share price, fiscal 2026, free cash flow, finance, money
## Micron's Stock Buyback Program
Micron expanded its stock repurchase authorization to $35.16 billion from $2.16 billion.
## AI Infrastructure Drives Memory Demand
AI infrastructure spending creates unprecedented demand for memory chips, boosting Micron's stock.
## Micron's Record Profits
Micron generated $133.2 billion in revenue with 256% year-over-year growth during fiscal 2026.
## Memory Prices Skyrocket
Micron's average selling prices increased 180% for DRAM and 200% for NAND during fiscal 2026.
## Free Cash Flow Surges
Micron generated $44 billion in operating cash flow during fiscal 2026's fourth quarter.
## Share Price Target
At 7 times forward earnings, Micron could reach $2,992 with additional buybacks pushing shares to $3,000.
## Key takeaway

Micron's $35.16 billion stock buyback program, driven by AI infrastructure demand, could increase shares to $3,000.