Is Micron Technology a Millionaire Maker?

Thus acold successful the artificial quality (AI) boom, immoderate of the biggest winners haven't been the developers of AI bundle but the hardware companies that nutrient the chips that AI needs to function.

Nvidia (NASDAQ: NVDA) is the premier example. Because of AI's request for its graphics processing units (GPUs), it has go the astir invaluable institution connected the satellite with a valuation of $4.2 trillion. It adjacent concisely broke supra $5 trillion precocious past year.

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The institution has already created an estimated 27,000 millionaires and apt stands to mint a fewer more. But it besides begs the question of who's next?

And I judge I whitethorn person an reply for you.

Based successful Boise, Idaho, Micron Technology (NASDAQ: MU) chiefly makes representation hardware, which includes random entree representation (RAM) and dynamic random entree representation (DRAM).

Computers trust connected RAM chips to store and callback data. AI needs it for the aforesaid reason; it conscionable needs a batch much than the 8-32 gigabytes oregon truthful astir laptops bash these days.

AI needs truthful overmuch RAM, successful fact, that tech hardware mag Tom's Hardware projects that information centers volition devour 70% of each representation chips made this year, creating a captious representation shortage.

The shortage has already caused the outgo of representation for smartphones to turn 10%-15% successful 2026. And Intel's CEO Lip-Bu Tan precocious said the representation occupation was apt to proceed for astatine slightest the adjacent 2 years.

There's going to beryllium a batch of wealth to beryllium made by producing representation implicit the 2nd fractional of the 2020s. Micron has prepared for it by ending its consumer-market RAM accumulation and breaking crushed connected a gigantic mill adjacent Syracuse, New York.

Micron has already seen its stock terms leap implicit 300% implicit the past 12 months due to the fact that of it. Despite that, it's inactive trading astatine a bargain valuation comparative to its competitors.

Micron has been connected a maturation teardrop lately. For the full of its fiscal 2025 (ended Aug. 28, 2025) it brought successful gross of $37.4 billion, up 49% twelvemonth implicit year. And for the afloat twelvemonth it achieved a gross borderline of 39%, an operating borderline of 26%, and a nett income borderline of 22.8%.

And, arsenic of the company's Q1 fiscal 2026 results (reported Dec. 17, 2025), that maturation streak is acceptable to proceed done this twelvemonth arsenic well.

For the quarter, Micron recorded gross of $13.6 billion, up 57% twelvemonth implicit year. It grew its gross borderline to 56.8%, its operating borderline to 47%, and its nett income borderline to 40%.