Up 309% in 2026, Is Micron Stock Still a Buy Right Now? - The Motley Fool

Micron Technology has surged 309% year-to-date in 2026, becoming the second-best performing stock in the S&P 500, trailing only SanDisk. The stock's rise is driven by an unprecedented surge in demand ... Read original →

Micron’s 309% YTD surge reflects structural demand from AI-driven data centers, not speculative froth. Technologically, soaring HBM requirements are accelerating advanced packaging ecosystems like TSMC’s CoWoS. On compliance, while the U.S. CHIPS Act subsidizes domestic expansion, export controls and delayed equipment approvals inflate hidden costs for Micron’s India and Japan fabs, undermining supply chain resilience. Competitively, Samsung and SK Hynix have paused price wars to focus on HBM3E yield ramp; if SanDisk bolsters enterprise SSDs via M&A, it could erode Micron’s module pricing power. Even with 2027 capacity additions, AI cluster deployment and edge inference will sustain tight supply-demand dynamics over the next 12–24 months. With a 7.6x forward P/E and 72.6% gross margin, Micron remains significantly undervalued.