Micron Stock Is Up Over 1,000% Since 2025 and Is Now a $1 Trillion Company. Is It Still a Buy? - Yahoo Finance

Micron Technology has seen its stock price surge over 1,000% since 2025, now reaching a market capitalization of $1 trillion. This dramatic rise is primarily driven by the global surge in demand for m... Read original →

Micron’s trillion-dollar valuation stems from AI infrastructure’s insatiable demand for memory bandwidth and density. Technologically, HBM3E/4 and QLC NAND are forcing upgrades across EDA, advanced packaging, and test equipment—TSMC’s CoWoS capacity is now the choke point. Compliance-wise, U.S. CHIPS Act “guardrails” restrict Micron’s China expansion, pushing costly Southeast Asian fab investments that pressure near-term margins. With Samsung racing to mass-produce HBM4 and SK hynix deepening its NVIDIA Grace Hopper integration, Micron must lock in share via co-engineered solutions like Micron AI. Over the next 18 months, even if DRAM spot prices peak, AI server memory content will keep doubling. Coupled with cautious capacity additions from Korea and Taiwan, China, structural tightness should sustain >20% operating margins—but current valuation already prices in much of FY2027 growth, making it suitable only for strategic, not speculative, allocation.