Fresh Takes
Motley Fool: Micron Will "Skyrocket to $2,000." Narrator: It Did Not.
Posted May 22, 2026
"In fact, it wont be surprising to see this AI stock reaching the $2,000 mark in a year."
— The Motley Fool, Staff Writer
May 11, 2026
What Actually Happened
The Motley Fool made a bold call on Micron Technology (MU), extrapolating forward earnings projections and applying an S&P 500 P/E multiple to justify a $2,000 price target. The thesis: booming AI memory demand + supply shortage = exponential earnings growth = stock nearly triples. Two days later, MU peaked at $803.63 on May 13. As of May 21, the stock trades at $762.10, off 5% from the peak and 62% short of the $2,000 target. The math was clean; the market disagreed. A reminder that earnings forecasts are fun exercises until they meet reality.
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