Micron Technology (MU) shares have jumped nearly 350% in a short time, driven by strong revenue and earnings growth as its memory and storage chips become key to AI data centers. Demand for DRAM and NAND flash has surged while supply growth has lagged, sharply lifting prices. CEO Sanjay Mehrotra said memory and storage supply-demand will be much tighter in 2027 and 2028 than in 2026, and TrendForce expects HBM contract prices to rise 70%-140% in 2027. Micron ended fiscal 2026 with adjusted EPS up 9x to $75.52 and trades at 14 times earnings, versus 41 for the Nasdaq Composite; the author argues the valuation is still cheap relative to growth, and a 12-month price target of $1,575 implies 60% potential gains.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.66 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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