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Micron Technology, Inc. (MU) has seen its stock surge 90% since early April 2025, but it currently trades 20% below its June 2024 peak. This growth comes despite a fading earnings outlook in the cyclical memory chip segment, leading analysts to consider this a potential long-term buying opportunity, especially ahead of its Q3 FY25 earnings release on June 25.
Micron, a leader in advanced memory solutions, announced plans to invest $200 billion, including $150 billion for memory chip manufacturing and $50 billion for R&D. This investment aims to produce 40% of its DRAM in the U.S. Micron’s revenue is projected to grow by 41% in FY25, reaching $46 billion, and adjusted earnings are forecasted to increase by 433% in FY25, driven largely by booming demand for AI-focused high-bandwidth memory (HBM) chips.
In Q2 FY25, Micron’s data center DRAM revenue hit a new record, with HBM sales exceeding $1 billion for the first time. The company also reported a 50% sequential increase in HBM sales and is positioned to benefit from rising AI-related infrastructure investments.
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