Micron earnings after the close. With price up 721% from a year ago, is it priced right? - investingLive

Micron Technology's stock has surged 721% over the past year, rising from around $120 to a record high of $1,213.56. Despite dramatic increases in both revenue and earnings per share (EPS), the stock ... Read original →

Micron’s 721% stock surge lags its earnings explosion—a sign of structural demand from AI infrastructure, not speculation. Technically, HBM3E/HBM4 yield ramps are straining TSMC’s CoWoS capacity, inflating GPU system costs. Compliance-wise, U.S. export controls boost Micron’s non-China/Taiwan, China utilization short-term but accelerate Chinese clients’ shift to CXMT, eroding long-term market share. With SK Hynix and Samsung ahead in HBM, Micron must deliver flawless Q3 guidance to justify valuation. Over the next 18 months, if AI clusters adopt CPO or compute-in-memory architectures, traditional DRAM demand could peak—making today’s rally a final-cycle euphoria.