$Micron Technology(MU)$ Earlier this week, I highlighted three key facts about Micron. First, everything MU can produce through sometime in 2027 has already been sold. Second, gross profit this quarter and for the foreseeable future will exceed 80%. Third, meaningful increases in supply will take about two years. Finally, demand is set to continue growing faster than new supply can be made. The price of MU stock is expected to reach $1,200 within 12 months.
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