The Next Big AI Inference Winner Could Be Worth 2 Times Your Investment

Micron Technology is positioned as a major beneficiary of the AI inference boom, with its stock potentially doubling due to surging demand for high-bandwidth memory (HBM). Trading at a low forward P/E ratio of 6.5x, the company benefits from supply constraints expected to persist until 2030 or beyond, with HBM prices potentially doubling next year. Long-term supply agreements covering 40% of revenue provide visibility for sustained earnings growth.