Micron: The Trade Of The Decade Has Arrived (NASDAQ:MU)

Live updates

1. 3h ago

   Micron Beats Earnings Expectations as Data Center Revenue Surges

   Micron Technology delivered a blowout quarter, driven by an 11-fold jump in data center revenue and stronger-than-expected guidance for upcoming quarterly revenue. U.S. stock futures experienced mixed trading as semiconductor shares rallied on the report, though investors concurrently weighed elevated Treasury yields, geopolitical risks, and a jobs report. Executive commentary indicates that supply conditions for memory and RAM will remain tight through 2027 and 2028, with the Micron CEO pointing to significantly higher prices ahead.

   Why it matters

   Micron is a major American manufacturer of computer memory and storage products, including DRAM and High Bandwidth Memory, which power modern artificial intelligence and cloud applications. The company operates within a historically cyclical industry, though recent results and robust pricing trends have sparked debate over whether traditional boom-and-bust patterns are shifting. Strong financial execution has brought increased attention to valuations and sector margins as the artificial intelligence build-out expands.

   What is confirmed

   • Micron beat earnings expectations and issued strong guidance as data center revenue jumped 11-fold.
   • Micron forecasts quarterly revenue above estimates.
   • Micron CEO stated that memory supply will be much tighter in 2027 and 2028 than in 2026.
   • U.S. stock futures were mixed early Thursday as semiconductor shares rallied following the report.

   Still unconfirmed

   • Jim Cramer claimed that Micron's traditional boom and bust cycle is gone at last.
   • The market is in disbelief regarding Micron's stock valuation and the trade potential.
   • Micron's stock is trading at six times earnings despite posting 87 percent gross margins.

   What to watch next

   • Upcoming quarterly financial results and margin reports from Micron
   • Broader macroeconomic indicators including Treasury yields and U.S. employment data
   • Supply chain capacity updates regarding DRAM and RAM manufacturing through 2028
   Sources used for this update (21)

   1. CNBC — Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
   2. Reuters — Micron forecasts quarterly revenue above estimates
   3. TechPowerUp — Micron CEO Says Memory Supply Will Be Much Tighter in 2027 and 2028 Than in 2026
   4. The Register — RAM supply set to worsen, says Micron, as CEO celebrates ‘much higher’ prices
   5. stocktwits.com — Nasdaq, S&P 500, Dow Futures Mixed Even As Micron Fuels AI Rally: ORCL, NKE, TSLA, RKLB, ASTS, PSKY In Fo....
   6. Ars Technica — Memory executives expect RAM shortage to continue through 2028
   7. www.micron.com — Micron Technology | Global Leader in Memory and Storage Solutions
   8. en.wikipedia.org — Micron Technology - Wikipedia
   9. finance.yahoo.com — Micron Technology, Inc. (MU) - Yahoo Finance
   10. Yahoo Finance — Micron is about to do something that would surprise most Magnificent 7 investors
   11. Barron's — Micron Stock Wobbles on Chip Cycle and Margin Worries. Two More Reasons to Fret.
   12. Investing.com — Earnings call transcript: Micron tops Q4 2026 estimates as demand stays hot
   confidence 100%