Mark June 24 on Your Calendar: The Report That Could Send Micron Parabolic Again - Yahoo Finance

Micron Technology has experienced an extraordinary stock surge, rising 769% over the past year, with its share price approaching $1,200. Despite trading at a high trailing P/E of 56x, the market remai... Read original →

Micron’s 769% stock surge reflects structural AI memory demand, not speculation. Yield breakthroughs in HBM3E and upcoming HBM4 are accelerating adoption in NVIDIA’s GB200 NVL72 systems, forcing upstream silicon wafer suppliers and advanced packaging vendors to scale capacity while upgrading EDA and test infrastructure. U.S. export controls provide short-term pricing power but raise long-term compliance costs and spur DRAM ecosystem localization in Taiwan, China and mainland China. With Samsung pausing HBM capex and SK Hynix pivoting to CPO integration, Micron’s aggressive investment could secure over 60% of the AI data center high-end memory market within 18 months. Yet its 56x P/E already prices in 2027 growth; a 15% HBM price drop from intensifying competition would trigger valuation reset.