Micron Technology Has Fantastic News for This Artificial Intelligence (AI) Infrastructure Stock That Has More Than Doubled in 2026
Key takeaways
- The memory specialist not just crushed Wall Street's expectations by a mile, but its guidance made it clear that the red-hot demand for memory chips isn't going away any time soon.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- Micron's fiscal Q3 revenue shot up by 346% year over year to $41.5 billion last quarter.
Harsh Chauhan, The Motley Fool Thu, July 2, 2026 at 11:05 PM GMT+7 5 min read MU LRCX NVDA Micron Technology (NASDAQ: MU) delivered fantastic results for the third quarter of fiscal 2026 (which ended on May 28) on June 24. The memory specialist not just crushed Wall Street's expectations by a mile, but its guidance made it clear that the red-hot demand for memory chips isn't going away any time soon.
Micron stock jumped nearly 16% after its blowout quarterly report. The company's performance lifted other memory stocks as well, and Lam Research (NASDAQ: LRCX) was one of them. Lam Research supplies semiconductor manufacturing equipment to chipmakers, foundries, and memory manufacturers. Its shares jumped over 7% following Micron's results. Let's see why that was the case.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »