Micron (MU) shares have more than tripled so far in 2026, and the author believes the company could repeat that performance in 2027. Micron makes NAND and HBM memory chips, key components of AI data center hardware, and it and its peers have already sold out their production capacity for this year. Management expects memory market tightness to be worse in 2027 and 2028 than in 2026, even though new Micron facilities begin coming online in mid-2027. The company is also shifting to long-term supply agreements with price floors and ceilings, under which 35% of its revenue through 2030 is already known. The stock trades at under 5 times forward earnings; the author says it could triple again if it returns to the 15-times level it reached in June, and views the current low valuation as a favorable time for investors to get in.
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Micronsemiconductorsartificial intelligencevaluationdata centers
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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