Micron's Next Big AI Opportunity Could Have 2 Legs

Micron Technology has identified a significant growth opportunity beyond data center AI infrastructure: physical AI applications including humanoid robots and autonomous vehicles. CEO Sanjay Mehrotra noted these devices require comparable memory and storage to data centers (200+ GB of DRAM), potentially creating demand for 'server-level memory in millions of machines' outside data centers. With fiscal 2026 revenue up 257% and strong guidance for fiscal 2027, this could extend Micron's growth cycle well beyond the current AI infrastructure build-out.