Micron Technology Stock: A Potential Opportunity in AI Infrastructure Growth

Micron Technology (MU) has seen a 247% rise in stock value over the last 12 months, driven by strong demand for its memory chips, particularly for artificial intelligence (AI) applications. The company expects AI workloads to shift from training to inferencing, requiring substantial growth in high-capacity, fast memory. Analysts project record memory demand and higher selling prices to boost earnings per share, which are expected to soar from $8.29 in fiscal 2025 to $32.30 in fiscal 2026. The stock could double and still trade at a relatively low price-to-earnings multiple.