Quick Read – At 13x forward earnings, MU trades at a value multiple despite posting 346% revenue growth and 84.6% gross margins in its latest quarter. – CXMT’s 466% Shanghai debut triggered a sector-wide memory selloff, dragging Micron down 27% despite record earnings that Wall…
reet rates 89% bullish. – Hitting $2,000 by 2030 requires a 144% gain, a clean HBM4E ramp by 2027, and hyperscaler capex that doesn’t reset before delivery. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
Micron Technology (NASDAQ:MU) just did something no memory company has done before. It reported $41.46 billion in a single quarter, up 345.72% year over year, with GAAP gross margins running at 84.6%. CEO Sanjay Mehrotra called memory a “defining strategic asset in the AI era.” Shares are up 187.67% year to date.
The question: can Micron hit $2,000 per share by 2030 if revenue really does triple again? Why Micron Shares Are Stuck Despite Blowout Numbers Despite the record earnings report, Micron is down 15.48% over the past week and 27.53% over the past month, sliding from over $1,132 to $820.53. The trigger was Chinese DRAM maker CXMT’s 466% Shanghai debut, which pushed its market cap past Intel.