$Micron Technology(MU)$ May will shine like sunshine. This has nothing to do with INTC. Consider NVDA and other AI stocks. MU is a strong buy! Its fundamentals are very strong.
DRAM has transitioned from a commodity to a Giffen Good, a shift relevant for $Micron Technology(MU)$ shareholders. Why? Because it grants exceptional earnings power. The income effect shows a "survival" flip: in 2026, DRAM acts as an inferior good uniquely. A data center has a fixed budget, say $1 Billion. When DRAM prices double, that budget buys less. To maintain operations, firms prioritise DRAM purchases. This avoids business extinction amid disruptions. No substitutes exist: NAND cannot replace DRAM in 2026. DRAM becomes a "luxury necessity" in the data economy. Logically, this aligns.
$Micron Technology(MU)$ Perhaps money managers should place smaller buy orders first. Then, when shorts spring into action to drive down the price, they place the other half of their buy orders.
The upside estimate for EPS is 8.62. Assuming 20% quarterly growth, EPS figures are 8.62, 11.41, and 13.69. Applying the current P/E ratio yields implied share prices of 586.9, 890.9, and 1232.0. Stock prices are driven by earnings. A similar approach was applied to $NVIDIA(NVDA)$ , and $Micron Technology(MU)$ is anticipated to follow suit. This contributes to the wealth gap.