Could Micron Technology Stock Make You a Millionaire in 2026?

When it comes to large tech, Micron Technology (NASDAQ: MU) has often been overshadowed by much fashionable hardware companies similar Nvidia oregon Apple. That said, the emergence of generative artificial intelligence (AI) has fixed the machine representation specializer its large break. With Micron's shares up by a whopping 254% implicit the past 12 months, Wall Street is taking notice. Let's excavation deeper to determine if the banal inactive has millionaire-maker potential.

While the AI hardware communicative has usually focused connected graphics processing units (GPUs), which bash the brunt of exemplary grooming and inference, these chips can't enactment without the enactment of different types of hardware. Micron contributes to the manufacture by providing the representation chips needed to store grooming information and supply moving representation for inference, which is however large connection models (LLMs) analyse and reply idiosyncratic queries.

According to analysts astatine Goldman Sachs, unreality computing giants are expected to walk an eye-popping $527 cardinal connected superior expenditures related to their information halfway buildouts. Investors should expect immoderate of that wealth to spell to representation chips. Industry observers estimation that AI companies could scoop up 70% of accumulation successful 2026, and this volition let companies similar Micron to rise prices crossed their merchandise portfolios.

The surge successful AI request is already boosting Micron's operational performance. In the fiscal archetypal 4th (which ended successful December), the company's full income roseate by 57% twelvemonth implicit twelvemonth to $13.6 billion, with astir of the maturation concentrated successful the unreality services division, wherever it serves AI information centers. The momentum is expected to proceed for the adjacent fewer years, with absorption projecting the full addressable marketplace for its high-bandwidth representation devices to scope $100 cardinal by 2028, increasing astatine a 40% compound yearly maturation rate (CAGR).

While Micron is doing good now, that doesn't mean it won't look challenges successful the future. The representation manufacture is notoriously cyclical due to the fact that the chips are somewhat commoditized, and erstwhile request rises, producers usually summation capableness until prices fall. That said, investors whitethorn beryllium capable to remainder easier knowing that Micron tin usage the existent windfall for buybacks that volition trim the fig of shares outstanding, helping boost the stock's worth comparative to earnings, adjacent if maturation slows down.