Robotic arms handling stacked semiconductor wafers in a fabrication facility, illustrating constrained silicon supply in the HBM memory industry. Key Points HBM memory supply shortages and high AI-focused demand have the industry well-positioned for 2026. Micron is a leader, expected to gain share as its new facilities start coming online. Cash flow and capital returns are part of the equation, underpinning market support and a bullish stock price outlook. Interested in Micron Technology, Inc.? Here a ...