Can Micron Technology Stock Turn a $10,000 Investment Into $1 Million?

Micron Technology stock has surged over 800% in the past year, driven by strong demand for memory products and a persistent shortage. While the stock appears cheap at a forward P/E below 11 compared to the S&P 500 average of 22, the article cautions that turning a $10,000 investment into $1 million would require the stock to grow 100x—an unrealistic scenario. The main risk is that once the memory shortage ends and supply catches up to demand, Micron's valuation and growth prospects could deteriorate significantly.