Micron Stock Has Soared by More Than 12X. Can It Double Again? - Yahoo Finance

Micron has delivered extraordinary returns over the past year and a half, with its stock soaring more than 1,200% since early 2025. While such a dramatic rise may suggest that easy gains have already ... Read original →

Micron's stock surge stems from AI infrastructure’s insatiable demand for high-bandwidth memory (HBM). Technologically, HBM3E and upcoming HBM4 are straining advanced packaging capacity—especially TSV and CoWoS—making TSMC and Taiwan, China-based OSATs critical bottlenecks. On compliance, U.S. export controls boost Micron’s North American and India fab investments short-term but inflate capex and erode its mainland China revenue, once nearly 30% of DRAM sales. Competitively, Samsung’s aggressive HBM4 ramp and SK Hynix’s tight NVIDIA partnership in GDDR7 pressure Micron to secure yield leadership and co-design deals. Over the next 12–24 months, sustained AI cluster upgrades could let Micron capture premium margins as the #2 HBM supplier—but a shift toward CXL-based memory pooling or in-memory computing for inference may structurally undermine traditional DRAM economics.