Prediction: Micron Stock Will Soar Over the Next Three Years. Here's 1 Reason Why.

Group 1 - Micron Technology is experiencing strong growth, particularly in high bandwidth memory (HBM), with HBM revenue increasing nearly 50% sequentially and data center revenue more than doubling year over year [3][8] - The company has a competitive advantage as one of the few American semiconductor manufacturers, benefiting from over $6 billion in funding from the CHIPS Act [4] - Micron's stock is currently undervalued, trading at a forward P/E of just 10, with rising earnings estimates indicating potential for significant returns [5][8] Group 2 - Microsoft’s $17.4 billion investment in AI infrastructure highlights ongoing growth opportunities in the AI and chip sectors, which could further benefit companies like Micron [2] - An upcoming update from Micron is anticipated, and if the company exceeds market expectations, it could lead to double-digit stock gains [6]