Micron Stock Is Soaring. Time to Buy?
Shares of Micron Technology (NASDAQ: MU) jumped last week after the company reported record fiscal first-quarter 2026 results and issued upbeat guidance for the current quarter. This added to an already strong performance for the tech company's stock this year, putting its year-to-date return at more than 200%.
The memory-chip specialist, which sells high-performance memory (DRAM) and storage devices (NAND) used in data centers and other computing devices, is benefiting from a wave of demand tied to AI (artificial intelligence) workloads. That demand has helped turn a once-weak earnings profile into a surge in profits and cash flow.
But the challenge now is deciding whether Micron's recent improvement in fundamentals truly justifies the stock's massive move higher.
Source Fool.com
