Huang said he met Micron CEO Sanjay Mehrotra three years ago and described how he expected memory, not just processors, to become a key AI bottleneck, Reuters reported on Tuesday.JPMorgan Sees A Bigger Memory MarketRecently, JPMorgan raised its global memory-market outlook and said memory chips are shifting from cyclical commodities into core AI infrastructure assets.The firm now expects the global memory market to reach $1.7 trillion by 2028, Futunn News reported on Monday. JPMorgan said AI demand is spreading from GPUs to CPUs, increasing server memory needs beyond earlier expectations.The firm expects the HBM supply-demand gap to persist through 2028 and said memory could account for more than 50% of cloud providers’ hardware capital expenditures this year.Micron Stock Hits 52-Week HighMU stock was trading higher in Wednesday’s premarket session as investors continued to favor semiconductor stocks tied to artificial intelligence infrastructure, pushing the stock to fresh 52-week highs despite a mixed broader market backdrop.The gain suggests buyers remain willing to add exposure even after Micron’s massive rally over the past year. Breakouts above prior highs are often viewed as bullish signals, particularly when they occur within a strong long-term uptrend.The broader market offered mixed signals. Nasdaq futures rose 0.24%, while S&P 500 futures slipped 0.07%. Even so, Micron outperformed the broader market, highlighting continued strength in AI-related semiconductor names.Technical Picture Remains StrongMicron remains in a powerful long-term uptrend, with shares up 940.7% over the past 12 months.The stock continues to trade well above its major moving averages, including 34.3% above its 20-day simple moving average and 208.9% above its 200-day simple moving average. The 20-day moving average remains above the 50-day moving average, while the bullish “golden cross” formed in June 2025 remains intact.However, momentum indicators suggest the stock may be stretched. Micron’s relative strength index, or RSI, stands at 81.61. Readings above 70 typically indicate overbought conditions and can precede periods of consolidation or pullbacks.