Micron Technology's stock price broke through the important psychological barrier of $1,000 in pre-market trading on Monday, reaching or exceeding that price for the first time since July 6. Previously, due to overvaluation concerns, Micron's stock price fell by 25% before July 29, but has since rebounded 36% from its low. JPMorgan Chase strategist Jay Kwon noted that the continued boom in hyperscale data center infrastructure construction has driven a significant increase in orders for Micron's high-bandwidth memory (HBM) modules, and strong demand is expected to cause memory chip shortages to persist for at least two years. KeyBanc analyst John Vinh also stated that Micron expects the intensity of demand to drive tighter market conditions in 2027 than in 2026.