Micron Surges as Wall Street Grants a Unanimous Strong Buy Upgrade

Micron delivered a blowout quarter with $41.46 billion in revenue (up about 350% year over year) and $25.11 in earnings per share, led by data-center demand. The company also guided to roughly $50 billion in revenue and $31 per share for the current quarter, as strategic customer agreements push revenue visibility higher—16 such deals with 14 showing around $100 billion in five-year revenue potential and $22 billion in cash deposits. In the wake of the report, analysts upgraded Micron to a unanimous Strong Buy, citing strong demand, expanding capacity, and pricing power that could sustain upside beyond a remarkable 800% run over the past year. Risks include potential AI infrastructure spending softening and ongoing capacity constraints that could temper growth if demand slows. Micron trades at about 11x forward earnings with a market cap near $1.3 trillion, leaving investors weighing sustainability of the uptrend against these risks.