Micron Turned $10,000 Into About $130,000 in 5 Years. Most of It Came in the Past 12 Months.

A $10,000 investment in Micron Technology in September 2021 grew to approximately $130,000 in five years, with nearly all gains occurring in the past 12 months driven by AI-driven demand for memory chips. However, the stock's current valuation and cyclical nature of memory prices raise concerns about sustainability, as the company previously suffered a $5.83 billion loss during a memory price downturn three years ago.