Micron: A Top AI Chip Stock With Potential To Double On HBM Demand

The Asian Investor 33.27K Followers Follow Summary Micron Technology, Inc. delivered record Q4 results, surpassing revenue and EPS expectations on surging demand for high-bandwidth memory in AI data centers. MU's growth is fueled by structural supply shortages and rising average selling prices for HBM and DRAM, driving gross margin expansion. I maintain a Strong Buy rating, citing explosive revenue and gross profit growth, favorable AI CapEx trends, and a risk profile skewed to the upside. With MU shares up more than 500% in the last year and trading at 5.4x FY 2028 P/E, the stock is well positioned for further upside amid accelerating AI infrastructure spending. MF3d/iStock via Getty Images Memory and storage company Micron Technology, Inc. ( MU ) presented impressive results for its fourth fiscal quarter on Wednesday as it continues to benefit from surging demand for high-bandwidth memory ("HBM") products that have emerged as This article was written by The Asian Investor 33.27K Followers Follow I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon. Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, NVDA 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.