Wall Street Tech Analyst: Micron Could 4x If the AI Cycle Lasts Through 2030 - Yahoo Finance

Wall Street analyst Gil Luria recently stated on CNBC that if AI infrastructure spending continues to grow through 2030, Micron Technology's stock could potentially quadruple. His analysis highlights ... Read original →

Memory chips are being systematically undervalued within the AI compute stack. If infrastructure spending extends through 2030, Micron’s DRAM/HBM segment will trigger a technical cascade: surging HBM demand from NVIDIA and Cerebras forces TSMC and Samsung to accelerate EUV adoption for HBM4, inflating advanced packaging costs across the ecosystem. Geopolitically, U.S. CHIPS Act subsidies favor logic over memory, leaving DRAM makers more exposed to supply chain disruptions—especially reliant on packaging capacity in Taiwan, China. In response to this valuation gap, Intel may leverage its IDM 2.0 strategy to vertically integrate memory, while Samsung could deploy pricing aggression to curb Micron’s growth. Over the next 18 months, an HBM supply shortfall will amplify memory vendors’ pricing power, making current 8–9x P/E multiples unsustainable as markets finally price the ‘quiet but critical’ storage layer correctly.