I Just Bought Micron Stock. Here's Why

The author purchased Micron Technology stock despite its 230% gain in 2026, citing the unprecedented AI-driven memory chip demand wave. Micron is reducing its cyclical business nature through long-term contracts with floor/ceiling pricing and take-or-pay agreements that lock in 35% of revenue through 2030. Supply constraints will persist through 2027-2028, supporting continued revenue growth. The author plans to monitor market conditions closely and exit if deterioration occurs.