Micron Technology (MU) Gains Momentum Due to Strong Demand for High-Bandwidth Memory
In its Q2 2026 investor letter, Impax US Sustainable Economy Fund highlighted Micron Technology Inc. (NASDAQ: MU) as a key contributor to performance due to strong demand for high-bandwidth memory used in AI applications and data centers. The company's stock surged during the quarter amid increased pricing power and volume outlook driven by hyperscale providers' infrastructure expansion. Micron closed at $1,016.59 per share on September 4, 2026, with a one-month return of 18.07% and a year-over-year gain of 673.31%. The fund cited Micron's strong sustainability profile and corporate resilience as additional factors in its investment decision. The stock is currently held by 184 hedge funds at the end of Q2, up from 154 in the previous quarter.
Tickers: $MU
Topics: AI and tech stocks Impax Asset Management Micron Technology sustainable investing