Quick Read <\/p>\n
The memory shortage has given Micron pricing power, enabling legendary returns as demand for AI data center infrastructure remains durable.<\/p>\n<\/li>\n
The memory shortage might not ease until 2027, suggesting the stock\u2019s extraordinary gains have further runway as long as supply constraints hold.<\/p>\n<\/li>\n
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and Micron Technology didn’t make the cut. Grab the names FREE today<\/a>.<\/p>\n<\/li>\n<\/ul>\n On a recent episode of the Earn Your Leisure podcast titled “The AI Boom Isn’t Over! Micron Technology Just Proved It!”, a panelist from the Market Moneys platform celebrated a multi-year call on memory that has paid off in spectacular fashion with a 2,000% personal return<\/strong> on Micron. The show also discussed the more important story about why the memory cycle has broken from its historical pattern.<\/p>\n A Call That Paid Off <\/p>\n Micron Technology<\/strong> (NASDAQ:MU<\/a>) closed at $751 on May 22, 2026, with the panel noting that the stock had crossed nearly $800 during the session amid recent strength. “We’ve been talking about it on Market Moneys for 2 years now, right? So like when people are talking about Micron, it was $86, $87,” the speaker said. The stock is up over 600% <\/strong>from the $94.60 level it traded at on May 22, 2025.<\/p>\n The stock blew through targets that looked aggressive at the time. Prior analyst price targets of $400<\/strong> and $500<\/strong> came and went before the most recent surge. Micron’s one-year return now stands at +693.87%<\/strong>, with a year-to-date move of +163.25%. Long-time holders on Reddit are finally celebrating “in the green after ~10yrs” after years of cyclical pain.<\/p>\n Act now:<\/strong> the analyst who called NVIDIA in 2010 just named his top 10 AI stocks \u2014 and Micron Technology didn’t make the cut. Grab the names FREE today<\/a>.<\/p>\n Why the Memory Shortage Changed Everything<\/strong> <\/p>\n The mechanism that drove these astounding returns was pricing power. “The fact that there’s a shortage means that now we can control price. And when you can control pricing on something that is in demand, you’re seeing legendary returns,” the speaker said. Memory has historically been a brutal commodity business defined by boom-bust cycles. The AI buildout has restructured that dynamic.<\/p>\n The financials tell the story. Micron’s most recent quarter showed revenue of $13.64 billion, up 56.6% year over year<\/strong>, with non-GAAP EPS of $4.78 against a $3.94 estimate. GAAP gross margin expanded to 56.0% from 38.4%<\/strong>, and the Cloud Memory Business Unit alone delivered $5.28 billion at a 66% gross margin and 55% operating margin. Q2 guidance calls for $18.70 billion in revenue and non-GAAP EPS of $8.42. CEO Sanjay Mehrotra said the company “delivered record revenue and significant margin expansion at the company level and also in each of our business units.”<\/p>\n Micron has been sold out through 2027, the panel noted, which means the story may still have legs well into 2026 and beyond. Wall Street appears to agree, with the consensus analyst target price sitting at $613.23, with 39 buy or strong buy ratings against five holds and zero sells. The forward P\/E sits at 8.<\/p>\n The Broader AI Rack Trade <\/p>\n The panel framed Micron as the clearest expression of a thesis that runs across the entire AI hardware stack. NVIDIA<\/strong> (NASDAQ:NVDA<\/a>) sits at the compute layer, posting $81.62 billion in Q1 FY27 revenue with $75.25 billion from Data Center. Dell Technologies<\/strong> (NYSE:DELL<\/a>) is the systems integrator, carrying a $43 billion AI server backlog entering FY27 after closing $64 billion in AI orders during FY26. Advanced Micro Devices<\/strong> (NASDAQ:AMD<\/a>) is the alternative compute story, with a 322.28% one-year return. On the storage side, Western Digital<\/strong> (NASDAQ:WDC<\/a>) has returned 875.76% over one year, and Seagate Technology<\/strong>\u00a0(NASDAQ:STX<\/a>) has returned 656.06%.<\/p>\n The panel’s broader point is that investors who understood what goes inside a data center rack have captured this trade from multiple angles. When supply is genuinely constrained, and demand is durable, the companies sitting in the bottleneck position tend to keep producing outsized returns until that bottleneck breaks. The bulls on Micron argue it may not be anywhere close to breaking yet.<\/p>\n