"Micron Technology ( NASDAQ:MU) could be the biggest beneficiary of the next bull market. It ended the year with a strong financial profile and growing demand for its solutions. Exchanging hands for $365, the stock has gained 233% in the past year. The demand for its NAND, DRAM, and high-bandwidth memory has outpaced supply and expanded margins. In the recently announced results, the company reported $13.64 billion in revenue, beating estimates. It was an impressive 57% year-over-year jump, driven by the growing demand for its specialized memory chips."
"In an expansion move, the company is buying Powerchip Semiconductor's P5 fabrication site for $1.8 billion. The management is now focusing on AI infrastructure to meet the growing demand. Its cloud memory sales doubled to $5.28 billion, and the EPS surged 167%. It has several production facilities under construction and aims to start output at the Idaho fab facility by mid-2027. It will also begin construction on a second fab, which could be operational by the end of 2028."
Micron Technology shares have surged to $365, gaining 233% over the past year as demand for NAND, DRAM, and high-bandwidth memory outpaces supply and expands margins. Revenue reached $13.64 billion, a 57% year-over-year increase, driven by specialized memory chip demand. Management purchased Powerchip Semiconductor's P5 fabrication site for $1.8 billion and is prioritizing AI infrastructure, with cloud memory sales doubling to $5.28 billion and EPS up 167%. Multiple fabs are under construction, including planned output at the Idaho facility by mid-2027 and a second fab potentially operational by end-2028. Guidance targets $18.7 billion revenue and $8.42 EPS.
Read at 24/7 Wall St.
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