Where Will Micron Technology Be in 5 Years?

Micron Technology stock has surged 831% over the past year, driven by massive demand for memory chips in AI data centers. The article argues that the memory shortage will persist for at least five years due to high demand for high-bandwidth memory (HBM) chips, which consume 3-4x more production capacity than conventional memory. With analysts expecting 636% earnings growth in fiscal 2026 and continued strong growth through 2028, the article projects Micron's stock could reach $4,864 within five years (4x current price), suggesting significant multibagger potential despite its recent rally.