RESOLVING THE LEDGER
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In its fiscal third quarter (ended May 28, 2026), memory specialist Micron Technology (NASDAQ: MU) booked $41.5 billion of revenue -- more than it generated in any full fiscal year in its history. Its best year ever, fiscal 2025, brought in $37.4 billion.
The market spent Thursday deciding the story has further to run. Shares jumped 18.4% to $874.66 after Samsung told investors it expects the memory shortage to worsen in 2027 and continue into 2028. Micron's market value stood near $988 billion at Thursday's close, and the stock would need a climb of more than 40% to revisit its high of $1,255.
So, where could the stock realistically be in 2030? I think the honest answer has to take memory's history as seriously as its moment.
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