Micron’s AI Repricing Is Real — But the Market Still Isn’t Sure It Can Last

Micron Technology has undergone a significant transformation from a traditional cyclical memory chip manufacturer into a key component supplier for artificial intelligence infrastructure. The company’s earnings per share trajectory has been dramatic, moving from a negative $5.34 in fiscal year 2023 to an estimated $73.23 in fiscal year 2026. This shift reflects the company’s integration into the AI ecosystem, particularly through high-bandwidth memory chips used in advanced processo