Micron Technology (MU) has seen a staggering 315% rally over the past year, significantly outperforming the broader tech sector, driven by strong demand for its memory chips in the AI boom. The company is well-positioned for continued growth due to its focus on AI, high-performance computing, and resilient financial performance, including a strong Q1 fiscal 2026. Despite its robust growth, Micron stock is considered attractively valued at a forward 12-month P/E multiple of 10.24, lower than its competitors, leading analysts to rate it as a Strong Buy.
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Micron Rallies 315% in a Year: Is the Stock Still Worth Buying?
Micron Technology (MU) has seen a staggering 315% rally over the past year, significantly outperforming the broader tech sector, driven by strong demand for its memory chips in the AI boom. The company is well-positioned for continued growth due to its focus on AI, high-performance computing, and resilient financial performance, including a strong Q1 fiscal 2026. Despite its robust growth, Micron stock is considered attractively valued at a forward 12-month P/E multiple of 10.24, lower than its competitors, leading analysts to rate it as a Strong Buy.