Last year, a friend recommended buying MU, and now it’s the star of my portfolio with a target of $1,000

Honestly, when my friend first suggested MU, I wasn’t really convinced. At the time, I thought the memory chip cycle was unclear, and MU’s an old semiconductor company what kind of big move could it have? But for the sake of face, I bought a little. Later, when it dropped, I added more, averaging $258 for a total of 4,000 shares.

Today, MU shot up to $734, +13.63%, and my unrealized gains are nearly $1.9 million. Honestly, looking back, I’m glad I listened to my friend otherwise I’d have really missed out.

MU is now my largest holding, making up nearly 80% of my portfolio. It’s hard not to feel nervous, but every time I think about selling, I check HBM supply and demand data and AI’s impact on memory demand, and then I hold on.

If MU hits $1,000, I plan to sell half and fly to the Maldives for two weeks. I’ll keep the rest, as it might keep climbing. The memory cycle and AI infrastructure story aren’t over yet, and MU, as a core HBM supplier, should have strong long-term logic.

Now the question is: is $1,000 too conservative? Or should I aim higher? I’d love to hear from other MU holders what’s your target price?