Key Points AI-driven demand for memory chips pushed Micron's quarterly revenue up 56.6% year over year. The memory-chip market is notoriously cyclical, but AI demand may break the boom-bust pattern. Micron's stock looks like a bargain compared to AI darlings like Nvidia, AMD, and Palantir. These 10 stocks could mint the next wave of millionaires › Shares of Micron Technology (NASDAQ: MU) rose 20.7% in December 2025, according to data from S&P Global Market Intelligence. After this boost, Micron ...

Group 1 - Micron Technology has seen its stock rise nearly 400% in the last three years, reaching new all-time highs since 2021 after a 20-year period of recovery from the dot-com bubble [1][2] - Despite the stock's impressive performance, there are indications that investors may not fully appreciate Micron's potential for growth over the next three to five years [3][4] - The cyclical nature of Micron's business has historically made investors cautious, but a significant trend may be emerging that could help the company break free from this cyclicality [4] Group 2 - The rise of artificial intelligence (AI) is a key secular trend driving demand for Micron's products, as the infrastructure needed for AI development is still being built [5][6] - Major tech companies are expanding data centers and utilizing GPUs from Nvidia, but the AI technology stack requires more than just GPUs, leading to increased demand for computer memory [6][7] - The shift from generative AI to agentic AI is creating new hardware needs in data centers, which is resulting in unprecedented demand for computer memory [7][9] Group 3 - Micron is experiencing a significant boost from the data center boom and the transition towards agentic AI, which is enhancing profit margins [9] - For the first quarter, Micron reported a remarkable 57% year-over-year revenue increase and over 20% growth from the previous quarter, suggesting this growth could be sustainable [10]