Micron's high-bandwidth memory chips are embedded in the world's best artificial intelligence (AI) chips, produced by Nvidia and Advanced Micro Devices. Its data center revenue doubled during its most recent quarter, and it looks poised to grow even faster from here.
Micron Technology's valuation makes it clear that its terrific growth potential isn't yet priced into the stock. The stock could soar significantly in both the short- and long-term, driven by massive demand for high-bandwidth memory.
AMD stock looks expensive on some valuation metrics, but is a bargain with growth factored in. Micron's high-bandwidth memory and stock should be hot commodities for a while to come.
Hyperscalers are doubling down on their AI-related capital expenditures in 2026. There's more to AI infrastructure budgets than GPUs and networking equipment.
Micron (MU) stock has been in a strong bull run since April 2025, when it bottomed at $62. It has soared to $415, making it one of the top gainers in the S&P 500 Index and Nasdaq 100.
Rising investment in AI infrastructure is fueling demand for specialty chips. As AI workloads continue to expand, memory and storage solutions will become the new bottleneck.
Apple blew past estimates in its fiscal first-quarter earnings report, driven by strong iPhone sales. CEO Tim Cook said that rising memory prices would weigh on gross margins in Q2 and increase from there.
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