Is Micron Stock a Buy Before June 24? - The Globe and Mail

Micron Technology recently crossed the $1 trillion market cap threshold, becoming one of the fastest-growing companies in history to reach this milestone. This surge is largely driven by strong perfor... Read original →

Micron’s trillion-dollar valuation reflects a structural shift in AI-driven memory demand, not speculative froth. Surging HBM and DDR5 adoption is forcing upstream equipment makers to accelerate EUV and advanced packaging investments, while NVIDIA’s pre-commitments through 2027 lock in a tech-capacity feedback loop. Geopolitically, U.S. export controls benefit Micron short-term but inflate compliance costs and accelerate China’s self-reliance via YMTC, eroding its mainland market share. Trailing SK Hynix and Samsung in HBM3E, Micron may counter by deepening integration with North American AI chipmakers and optimizing CoWoS compatibility. DRAM prices will likely stay elevated for 12–18 months, yet if AI server capex slows amid industry-wide capacity inertia, an inventory correction could hit in late 2027. Its 16x forward P/E appears reasonable but embeds aggressive growth assumptions—volatility remains underpriced.