What Makes Micron Technology (MU) a Bullish Stock?

Core Insights - Chautauqua Capital Management's third-quarter 2025 investor letter indicates that global equity markets performed well due to the resolution of trade conflicts and a dovish shift in U.S. monetary policy [1] - The Baird Chautauqua International Growth Fund and the Baird Chautauqua Global Growth Fund underperformed their respective benchmarks, primarily due to poor stock selection in the information technology, financials, and industrials sectors [1] Company Highlights - Micron Technology, Inc. (NASDAQ:MU) reported a one-month return of 25.93% and a 52-week gain of 226.82%, closing at $285.41 per share with a market capitalization of $321.23 billion on December 31, 2025 [2] - Micron raised its fourth-quarter guidance for revenues, earnings, and margins, citing improved pricing in DRAM and strong demand for high-bandwidth memory driven by AI data centers, with CY26 capacity already fully sold out [3] - In the first quarter of fiscal 2026, Micron reported revenue of $13.6 billion, reflecting a 21% sequential increase and a 57% year-over-year increase [4]