Alphabet's AI Shift Could Power Micron's Memory Sales

Alphabet’s AI-driven algorithm changes are described as a 'gift' for Micron, potentially boosting memory-chip demand, while MU’s aggressive CapEx—including a $200B U.S. mega-factory—supports AI-driven supply; MU posted strong FYQ2 2026 results (EPS $12.20, revenue $23.86B, DRAM/NAND up ~206%/169%), and trades at a meaningful discount to peers on EV/Sales and EV/EBITDA, indicating a potential upside.