AI Demand Could See Nvidia-Style Upside for Micron, Says Top Investor

Micron (MU) slid ~18% after its earnings despite strong results—$23.9B revenue, up 75% sequential and 196% YoY, with a $33.5B outlook well above expectations. A top investor, PropNotes, argues MU’s profit cycle could mirror Nvidia’s, driven by AI-fueled high‑bandwidth memory (HBM) demand and a limited supply base (three producers globally). With 2026 HBM supply commitments in place, PropNotes sees a 16x earnings re-rating and a Strong Buy, while Wall Street already leans bullish with a ~41% upside to a $537.57 target.