Does Micron (MU) have what it takes to be a top stock pick for momentum investors? Let's find out.
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The artificial-intelligence boom has supercharged demand for data-center chips, servers, and the high-bandwidth memory that makes it all run.
The iShares Semiconductor ETF has rocketed 34% amid a long winning streak — its best 13-day stretch in 24 years.
Micron (MU) reported earnings 30 days ago. What's next for the stock?
Michael D. Cordano, Executive Vice President of Worldwide Sales at Micron Technology (NASDAQ: MU), has sold nearly $1.5 million worth of the company's stock, according to a recent regulatory filing.
Micron Technology, Inc. delivered robust Q2 results, with revenue up 196% YoY and adjusted EPS surging 682%, far surpassing expectations. Q3 guidance is exceptionally strong, projecting revenue up 260% YoY, gross margin near 81%, and EPS midpoint of $19.15, indicating continued pricing power. Despite emerging risks from memory-reducing algorithms and recent spot price declines, Micron's forward P/E of 7.94 offers a compelling margin of safety.
Micron Technology posted exceptional Q2 2026 results, with revenue up 196% YoY and gross margin soaring to 74.4%. MU's growth is powered by surging DRAM and NAND demand, driven by AI/data-center buildouts and higher memory intensity across end markets. Despite strong earnings, market concerns center on MU's aggressive capex plans—over $25B in FY26 and a significant increase in FY27—potentially leading to future oversupply and margin compression.
One year ago, Micron Technology was trading at roughly $70 a share. Today, Micron Technology (NASDAQ:MU | MU Price Prediction) sits at $450.49, a gain of 557% over the past twelve months.
Micron Technology, Inc. MU has delivered a sharp improvement in profitability, driven largely by the ongoing artificial intelligence (AI) boom. The company's non-GAAP gross margin improved 1,730 basis points to 56.8% in the first quarter of fiscal 2026 and increased 3,700 basis points to 74.9% in the second quarter.
Following a sharp drop in mid-March driven by a memory-related Google (NASDAQ: GOOGL) breakthrough, Micron (NASDAQ: MU) stock has gained substantial bullish momentum, rising more than 40% in two weeks.
Zacks.com users have recently been watching Micron (MU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.