Micron: AI Demand Is Turning Memory Into A Premium Asset

Micron is evolving from a cyclical memory supplier to a critical AI infrastructure enabler, warranting a premium valuation. Q2 guidance—$33.5B revenue, 81% gross margin, $19.15 EPS—signals durable, AI-driven demand and robust financial performance. MU's leadership in HBM and data center memory, with full 2026 HBM supply agreements and expanding NAND relevance, underpins its AI-centric growth.