1 Reason Why Now Is a Great Time to Buy Micron Technology

Group 1 - Micron Technology has experienced a significant share price increase of 39% as of January 22, 2026, driven by strong financial results, including record revenue of $13.6 billion, a 57% year-over-year increase in Q1 of fiscal year 2026 [1][4][5] - The demand for high-bandwidth memory (HBM) is surging due to the growth of artificial intelligence (AI) technology, positioning Micron as one of the top three HBM providers alongside SK Hynix and Samsung Electronics [4][5] - Micron has established partnerships with leading AI companies, including Nvidia, Advanced Micro Devices, and Intel, enhancing its role as a crucial AI memory supplier [4][5] Group 2 - Due to high demand from AI companies, Micron has decided to discontinue its Crucial consumer business, with product shipments set to end next month, indicating a strategic shift towards serving the AI market [5] - Micron's stock is currently trading at 12 times forward earnings, which is considered a reasonable valuation, especially given its recent performance and strong order backlog [7] - The company's market capitalization stands at $447 billion, with a gross margin of 45.53% and a dividend yield of 0.12%, reflecting its financial health and growth potential [6][7]