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How Micron Could 3x From Here If AI Memory Demand Keeps Exploding
Key takeaways
- Goldman Sachs holds a $400 target, warning new HBM capacity from Micron, SK Hynix, and Samsung will compress today's near-85% gross margins by 2028.
- Tripling to $3,000 requires EPS to sustain above $31, valuation multiples to hold, and take-or-pay contracts to permanently de-cyclicalize Micron's business.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.
How Micron Could 3x From Here If AI Memory Demand Keeps Exploding Omor Ibne Ehsan Mon, June 29, 2026 at 10:49 PM GMT+7 5 min read MU 000660.KS 005930.KS Quick Read Micron (MU) delivered $41 billion in Q3 revenue, up 346% year-over-year, with gross margins hitting 84.6% as AI demand structurally transformed the memory industry.
Goldman Sachs holds a $400 target, warning new HBM capacity from Micron, SK Hynix, and Samsung will compress today's near-85% gross margins by 2028.
Tripling to $3,000 requires EPS to sustain above $31, valuation multiples to hold, and take-or-pay contracts to permanently de-cyclicalize Micron's business.
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