#GateSquareMayTradingShare This is absolutely insane.
$MU is up 1000% in just over a year.
That's a 10x on a $700 billion company.
A move like that on a stock this large is rare to see in any cycle.
Here's the story behind it:
Micron is the only US-based memory company doing DRAM, NAND, and HBM.
When AI exploded, every chip needed memory next to it.
Nvidia GPUs need HBM. Hyperscalers need DRAM. AI servers need NAND.
Memory went from commodity to bottleneck overnight.
Meanwhile Micron's earnings just printed:
Revenue of $23.86 billion vs $19.97 billion estimated.
EPS of $12.20 vs $9.19 estimat