If You Had Bought $1,000 of Micron Technology at Its IPO, Here’s How Much You Would Have Today (Try Not to Cry)
Micron Technology, a US-based supplier of advanced DRAM and HBM, has seen its stock surge 561% in the past 12 months due to high demand for its memory chips in AI applications. The company's entire 2026 supply of HBM4 is sold out, and it is expected to benefit from the growing AI market.
Micron Technology, a major US-based supplier of advanced DRAM and high-bandwidth memory (HBM), is benefiting from the growing demand for AI infrastructure. The company's entire 2026 supply of HBM4 is already sold out, and it can only fulfill 50% to 66% of key customers' medium-term bit demand. Micron's revenue surged 196% year-over-year to $23.86 billion in fiscal Q2 2026, with non-GAAP gross margins reaching 74.9%. The HBM market is projected to grow from $35 billion in 2025 to around $100 billion by 2028 at a 40% CAGR. Micron holds an estimated 21% to 24% share of the HBM market. The company's stock has risen 561% in the past 12 months, yet it remains one of the cheaper AI stocks.
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