Why Wall Street Keeps Underestimating Micron

Micron Technology quadrupled its revenue year-over-year and guided to $50 billion in Q4 revenue with 20%+ sequential growth, yet the stock has fallen 27% from all-time highs. Wall Street fears a repeat of fiscal 2023's inventory glut, but the company's new multiyear Strategic Customer Agreements and strong AI infrastructure demand suggest these concerns are overblown. With AI projected to grow at 30.6% CAGR through 2033 and tech giants aggressively expanding data centers, Micron's memory chips remain central to the AI boom.