TradingKey – Micron Technology (MU) is one of the strongest-performing semiconductor stocks in this wave of AI investment. As AI hyperscale data centers heavily procure high-bandwidth memory (HBM), DRAM, and NAND flash, global memory chip supply remains tight, sending product prices and Micron Technology’s profitability soaring in tandem.

However, compared with its rapidly growing revenue and profits, Micron’s forward P/E ratio remains in the single digits.

Over the past year, Micron’s stock price has gained nearly 690% cumulatively, and has also risen about 214% since 2026. However, after reaching an interim peak in June, Micron’s stock price has pulled back by nearly 30%.