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Micron Technology, Inc. (MU) has seen its shares increase by 177.9% year-to-date, outperforming the Zacks Computer and Technology sector which returned 27.5%. This surge eclipses gains from peers like Advanced Micro Devices (AMD) at 79.6%, Broadcom (AVGO) at 63.7%, and NVIDIA (NVDA) at 33.9%.
In fiscal 2025, Micron reported revenues of $X billion, a 48.9% increase year-over-year, with non-GAAP earnings per share (EPS) rising to $8.29 from $1.30 in fiscal 2024. Analysts project a further 62% growth in revenues and a 109% increase in EPS for fiscal 2026.
Despite market volatility, Micron’s strong fundamentals and low forward price-to-earnings (P/E) ratio of 12.71, significantly lower than the sector average of 28.70, indicate a favorable investment opportunity amid ongoing demand in AI and other sectors.
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