Micron Technology's Stock Set to Soar on Strong Earnings Growth and Undersupply in Memory Chips Market

Micron Technology's earnings are expected to increase by over 5x in two years due to strong demand for memory chips. The company's valuation suggests its growth potential hasn't been fully priced in yet, making it a potentially sustainable stock to hold. Analysts have increased earnings expectations for both the current and next fiscal years, driven by strong demand from data centers and other devices.