The Memory Boom Helped Micron Deliver a Record Year. Here’s Where the Stock Will Be in 3 Years
Micron Technology's latest quarterly report clearly indicates that the stock's red-hot run is far from over.
Overview
Micron Technology (NASDAQ:MU) stock has jumped by more than 6x over the past year, and it looks like the memory specialist's stunning rally won't be ending any time soon.
Micron released record results for the fourth quarter of fiscal 2026 (which ended Sept. 3), easily crushing consensus estimates amid the artificial intelligence (AI)-fueled memory boom. What's more, management clearly noted on the latest earnings call that the favorable memory market dynamics driving Micron's phenomenal growth will continue for the next couple of years.
Details
Let's take a closer look at Micron's prospects and check the potential gains investors can expect from this high-flying growth stock over the next three years.
Source
Originally published at www.fool.com.