Quick Read – Micron (MU) guided Q3 revenue to $33.5B with 81% gross margin and EPS of $19.15, with a single quarter exceeding the company’s full prior fiscal year; the stock is up 156.59% year-to-date and 647.98% over 12 months, driven by structural AI demand for memory. – CEO…
njay Mehrotra stated Micron is fulfilling only 50% to two-thirds of key customers’ medium-term demand and has signed its first five-year strategic customer agreement, with HBM4 in volume shipment for NVIDIA applications. – Micron’s path to $1,000 per share by 2027 depends on HBM4 and HBM4E ramping on schedule, supply-constrained pricing holding through calendar 2026, and Wall Street raising earnings estimates to match reality as the AI memory cycle expands. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Micron Technology wasn’t one of them. Get them here FREE
Micron Technology (NASDAQ:MU) is rewriting its identity. The stock is up 156.59% year to date and 647.98% over the past 12 months, powered by an AI memory cycle that CEO Sanjay Mehrotra calls structural. He told investors, “AI has not just increased demand for memory; it has fundamentally recast memory as a defining strategic asset in the AI era.” With shares at $731.99 and a market cap of $787.99 billion, Micron sits roughly $212 billion short of the trillion-dollar club.
Can MU reach $1,000 per share by 2027? Here is the math. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Micron Technology wasn’t one of them.