Why Micron Needs To Be In An AI Portfolio

Kumquat Research Investing Group Leader Follow Summary Micron Technology, Inc. is a core beneficiary of the ongoing AI-driven memory supercycle, with DRAM and NAND supply-demand imbalances fueling record profits. Despite parabolic share gains, MU stock’s forward P/E remains in line with historical upcycles, suggesting further upside as memory shortages persist through at least 2028. HBM remains a premium, supply-constrained product, but MU’s current profit surge is driven by high-volume DDR5 and LPDDR5/X, with non-HBM margins currently higher. Tech Investing Decoded members get exclusive access to our real-world portfolio. See all our investments here » narvo vexar/iStock via Getty Images Micron Technology, Inc. ( MU ) shares have been on a wild ride the last few months as the stock has summited $1200, fallen below $800, and is now settling down in the $900 range. Investors are wondering, what comes next? Another leg This article was written by Kumquat Research 22.07K Followers Follow I run the Investing Group Tech Investing Decoded, where I provide deep-dive research on AI, semiconductors, networking, and the companies shaping the future of computing. Subscribers receive exclusive research, a transparent model portfolio, real-time trade alerts, and access to an active community of technology investors. I go by Kumquat Research (but you can call me Jeremy), and I've been writing on Seeking Alpha for more than a decade. Very early on, I could tell that the Seeking Alpha community is unparalleled in its diversity of opinion and its sophisticated, insightful users. In that vein, I encourage you to comment your thoughts on my articles or message me directly for anything at all. I truly enjoy reading each and every one! I hold degrees in Finance and Computer Science, have passed all three levels of the CFA Program, and currently work as a data engineer in the fintech industry. That combination of financial training and technical experience shapes how I analyze companies, particularly those operating at the intersection of AI, semiconductors, networking, and next-generation computing. Whether you're reading my free articles or are a member of Tech Investing Decoded, my goal is the same: to help investors understand the technologies reshaping the global economy and identify the companies best positioned to benefit from those trends. The Investing Group takes that approach a step further with ongoing research, portfolio updates, trade alerts, and a community where investors can discuss ideas and market developments. Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.