AIBullishBlockonomi · 1d ago7/10
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Micron (MU) Stock Soars 123% in Six Months: Why Wall Street Remains Optimistic
Micron's stock has surged 123% over six months driven by exceptional AI-related memory chip demand, with HBM (high-bandwidth memory) products sold out through 2026 and revenue climbing 196%. Despite these stellar fundamentals, the stock trades at a modest 5-6x forward price-to-earnings ratio, suggesting Wall Street sees significant upside remaining.