Micron Stock Surges on AI Demand and Record Earnings
TL;DR Summary
Micron Technology's stock has surged nearly 400% in three years, driven by booming demand for high-bandwidth memory (HBM) fueled by the shift to agentic AI, which requires more advanced hardware. With strong revenue growth, high profit margins, and a market expected to triple HBM demand by 2028, Micron's stock could continue to rise as it benefits from these secular AI trends, potentially surpassing its historical cyclicality.
Topics:business#ai-infrastructure#business#memory-demand#micron-technology#semiconductors#stock-growth
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