Micron Technology (MU) has seen its stock price soar past $1,000, marking a significant milestone as it crossed a $1 trillion market capitalization. The surge is attributed to heightened demand for AI infrastructure, with analysts raising their price targets amid optimistic revenue projections. Notably, Raymond James increased its target to $1,100, citing strong investor interest and favorable memory market conditions. Micron's revenue has been on a rapid upward trajectory, increasing from $13.6 billion to $23.9 billion recently, with expectations of reaching $33.5 billion in the next quarter. The company's high-bandwidth memory (HBM) market is projected to grow significantly, potentially reaching a total addressable market of $100 billion by 2028. However, analyst forecasts remain varied, with a consensus target of $628.20 and some estimates as high as $1,625. The outlook for Micron's stock is contingent on the sustainability of AI-driven demand and supply constraints in the memory sector.