Is Micron Turning Into a Steadier Growth Stock?

Micron Technology has surged 755% in the past year driven by AI-driven memory chip demand. The company is pursuing Strategic Customer Agreements (SCAs) worth $100 billion in cumulative revenue through 2030 to reduce pricing volatility and stabilize earnings. While management expects tight supply conditions through 2027, investors should monitor capacity expansion by competitors and margin trends to assess whether this cycle truly differs from past boom-and-bust patterns.