Think It's Too Late to Buy Micron Stock? Here's the 1 Reason Why There's Still Time.

Core Viewpoint - Micron Technology's stock has surged due to strong financial performance and an expanding addressable market, making it an attractive investment opportunity despite historical cyclicality in the memory chip industry [1][2][4]. Financial Performance - Micron's stock price increased by 10.52%, reaching $30.01, with a market capitalization of $355 billion [5]. - The company reported record revenue and significant year-over-year earnings growth, with earnings expected to rise to $32.14 in the current fiscal year from $8.29 the previous year [4]. - The gross margin stands at 45.56%, and the dividend yield is 0.15% [5][6]. Market Dynamics - Demand for memory chips, particularly dynamic random access memory (DRAM), is being driven by data center needs, leading to a recent price increase of 20% quarter over quarter [4]. - Management indicated that demand for memory continues to exceed supply, a trend expected to persist through 2026, with the entire 2026 supply of high-bandwidth memory products already sold out [6]. Growth Projections - The addressable market for advanced memory chips is projected to grow at an annual rate of 40%, potentially reaching $100 billion by 2028 [6]. - Continued investment in data center infrastructure is anticipated to further boost Micron's stock performance in 2026 [7].