Micron (MU) shares have risen 937% since the start of 2025, so a $10,000 investment made then was worth more than $103,000 at the time of writing. The author argues demand for high-bandwidth memory (HBM) used in AI data centers will keep growing: Bloomberg Intelligence estimates the global HBM market could reach $641 billion by 2030, versus an earlier forecast of $260 billion, while Micron holds an 18% market share. The article also notes memory supply may stay tight because HBM requires 3-4x the capacity of traditional DRAM, according to Bank of America. Micron's non-GAAP EPS was $75.52 in fiscal 2026, and analysts expect $176.50 in fiscal 2027; assuming 50% annual EPS growth from fiscal 2028 to 2030 and a 10x earnings multiple, the stock could reach $5,958, turning a $10,000 investment into more than $68,000. The author views Micron as having multibagger potential, even though it trades at 13 times earnings.
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