An article says a $10,000 investment in Micron Technology three years ago would now be worth almost $118,000, and argues that demand for high-bandwidth memory (HBM) in AI data centers will keep supporting its growth. Bloomberg Intelligence estimates HBM market revenue could reach $641 billion in 2030, up from $4 billion in 2023 and well above its January 2025 estimate of $130 billion. According to one estimate cited, HBM uses about 3x the wafer capacity of conventional DRAM, suggesting the memory shortage may last until at least the end of the decade. Micron is due to release fiscal 2027 first-quarter results next month, with the company expecting non-GAAP EPS of $38.15 on revenue of $61.5 billion, versus $13.6 billion in revenue and $4.78 EPS a year earlier. The article notes Micron trades at 12 times earnings and 8 times sales.
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