Micron shares have risen 35.9% over the past six months, outperforming the Zacks Computer and Technology sector (down 3.9%) and semiconductor stocks such as Texas Instruments, NVIDIA and Marvell. The article attributes the rally to Micron's growing role in the AI ecosystem, driven by demand for HBM, DRAM and data center SSDs. In the fiscal fourth quarter of 2026, revenue reached $54.23 billion, up 379% year over year, non-GAAP gross margin expanded to 87%, and non-GAAP EPS was $33.42. Micron guides fiscal first-quarter 2027 revenue to $61.5 billion (plus or minus $1.5 billion), while Amazon, Microsoft, Alphabet and Meta are expected to invest nearly $745 billion in capital expenditures in 2026, largely for AI infrastructure. The company has also signed 26 Strategic Customer Agreements (SCAs) to improve revenue visibility.
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