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Why The Market Is Completely Misreading Micron's Latest Run
2026-05-23 · via All Articles on Seeking Alpha

Summary

  • Micron Technology, Inc. still has upside, with operational execution and earnings growth far exceeding expectations, driven by surging AI-related memory demand.
  • MU’s stock has more than doubled. Why? EPS for Q3 is expected at $19.15, a 900% year-over-year increase, and annual EPS expectations more than doubled in the last 6 weeks.
  • MU could see further upside if the market re-rates this growth further; however, much of this growth is now priced in, and actually growth is expected to slow in fiscal 2028.
  • Hold the core position, but managing your MU position is wise. You must be watching for any signs of AI capex slowdown in coming quarters.
  • Looking for more investing ideas like this one? Get them exclusively at BAD BEAT Investing. Learn More »
Failure as part of the creative or problem-solving journey toward success

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In today’s column, we have to talk about Micron Technology, Inc. (MU). Folks, we issued a Strong Buy call in December and reiterated a Buy call on April 2, 2026, at $300 when we detailed the

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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