Buying a company after 250% growth in 1 year,I definitely won't do that but Micron still is definitely gaining my attention. Micron is a leader in memory chips, which is a key component of computers in general, but also especially important for Al.
Micron appears to have completely sold out and committed their 2026 supply, which means they can't make enough product in the foreseeable future. That demand meand there will be continued demand for fast memory and fast storage system to go along with AI chips. Their revenue growth curve resembles $NVDA growth from a couple of years back.
Despite the massive stock run-up, Micron's revenue and profits have grown so fast that even today it trades at a PE of just 28! That's low for a company that has grown revenues 45% in the trailing 12 months and is expected to accelerate that growth.
Micron is heavily investing in new fabrication plants (fabs) in the U.S., particularly a massive "megafab" complex in New York which will come online in 2027 or 2028 meaning they expect the demand to continue.
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