Micron Bets on AI Memory Boom Ahead of Earnings
TL;DR
Micron Technology enters the AI memory cycle with the year’s biggest earnings setup: a $50 billion Q4 revenue guide, about 92% buy ratings, and CEO Mehrotra describing memory as a strategic AI asset, supported by 16 Strategic Customer Agreements totaling roughly $100 billion in minimum revenue through 2027. Bulls price MU toward as much as $1,600 per share by 2027 if Q4 EPS clears $31 and FY27 EPS ramps, but a hyperscaler capex slowdown remains a key risk; MU is up ~247% YTD and trades near 15x forward earnings.
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