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HBM4 mass shipment begun + Q2 earnings due Mar 18 → PT raised to $500

Micron Technology has begun volume shipment of its HBM4 36GB 12H chips designed for Nvidia's Vera Rubin platform, and signed a Letter of Intent to acquire Powerchip's Taiwan fab for $1.8 billion to expand production capacity. The company reports fiscal Q2 2026 results on March 18, with Wedbush raising its price target to $500 from $320 as DRAM and NAND memory prices surged 90% in Q1 2026. The stock is trading at approximately $445 with a market cap of $497 billion, though supply chain concentration risks and geopolitical tensions around Taiwan remain key concerns.