Micron's fiscal 2026 revenue rose to $133.19 billion (+256.3% YoY), and fiscal Q4 revenue reached $54.23 billion (+379.3%), above the $50.97 billion consensus, with management expecting an even stronger fiscal 2027. The article's model projects a $1,000 investment could be worth about $1,416.10 by October 22, 2031 (7.21% a year), with a range of $818.30 to $2,473 at that horizon. Drivers cited include accelerating earnings, tight DRAM and HBM supply, and 26 Strategic Customer Agreements running through 2030, with more than 75% of fiscal 2027 shipments already committed. Risks include memory's cyclical pricing, dependence on hyperscaler AI spending, $30.7 billion in fiscal 2026 capex, and a beta of 2.226. The stock traded at $870.54 at midday, down 4.72% on the session, and has fallen 16.6% over the past month.
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