Micron Technology Sees Significant Stock Growth
Micron Technology (NASDAQ: MU) has experienced a remarkable 698% surge in its stock price over the past year, bringing it close to $1,000 per share. This growth is fueled by robust demand for memory chips amidst a persistent supply shortage. The company’s earnings per share grew by over 1,200% year-over-year in Q3 2026, reaching $25.11, with guidance for the current quarter pointing towards earnings of $31.00 per share, indicating a yearly increase of over 10 times.
With an attractive earnings multiple of 23 compared to the Nasdaq-100 index’s multiple of 35, and a forward earnings multiple of just 7, Micron’s stock is considered appealing even at its current high price. Analysts note that a potential stock split could enhance demand among retail investors, mirroring strategies used by other major tech firms such as Nvidia, which recently announced a 10-for-1 stock split.
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