Micron Technology. They make the little bits that remember things for your machines. Important, sure. Crucial, even, now that everyone’s decided artificial intelligence is the answer to all our problems. Or, you know, just another problem. So it goes.
The stock’s been doing alright. Up a good bit. 729% in three years. 345% in the last twelve months. Numbers. They’re just numbers, really. A fleeting impression of value in a universe that doesn’t much care about value. Still, people bought it. A lot of it.
They report earnings on March 18th. The question isn’t whether they’ll make money – they probably will. The question is whether you should throw your own money at it now. A perfectly reasonable question, really. One I’ve asked myself a thousand times. Usually, I just buy more coffee.
A Tiny Piece of the Future
Everyone’s talking about AI like it’s a gift from above. Micron was already building the stuff that makes it work. DRAM, NAND flash, HBM. It’s all just silicon and electricity, but it’s become the foundation for…well, for a lot of things. Business is booming, they say. It always booms for somebody.
Last quarter, they made $13.6 billion. Up 57% year over year. Earnings per share were $4.60. A big number. It means they’re taking in more than they’re spending, at least for now. Cloud memory grew 100%. Everything’s growing. Except maybe our capacity for wonder.
Margins are expanding. Gross margin jumped to 56%. Cash flow is up 160%. It’s all very tidy. Very…efficient. Like a well-oiled machine hurtling toward an unknown destination. Operating cash flow was $8.41 billion. More numbers. They accumulate. They mean something, probably.
They’re predicting even more growth. $18.7 billion in revenue next quarter. Gross margin climbing to 67%. Earnings per share of $8.19. Up 481%. It’s a beautiful, unsustainable arc. They even bought a cleanroom in Taiwan to make more chips. More stuff. It never ends.
The stock’s gone up whenever they report good news most of the time – about 67% of the time. People like good news. It’s comforting. Even if it’s just about the price of memory chips.
Should You Bet On It?
Wall Street’s awfully enthusiastic. 86% of the analysts recommend buying. One recommends selling. It’s a landslide. But analysts are often wrong. They’re people, after all. Flawed, optimistic, easily swayed.
I don’t much care for timing the market. It’s a fool’s errand. I prefer to focus on the long term. And the long term, well, it’s usually just a series of short terms strung together. But Micron’s recent results suggest there’s still demand for their chips. AI isn’t going away anytime soon, even if it doesn’t solve all our problems.
The stock’s trading at 13 times forward earnings. That’s low. The three-year average is 38. It’s almost a bargain. Almost.
PwC thinks AI could add $15.7 trillion to the global economy by 2030. A staggering number. Enough to solve a lot of problems. Or create a whole new set of them. It depends on how you look at it.
Micron’s growing. Profits are increasing. There’s a tailwind. It’s a buy, maybe. Or maybe it’s just another chip in the grand, indifferent scheme of things. So it goes.
Read More
- Spotting the Loops in Autonomous Systems
- Seeing Through the Lies: A New Approach to Detecting Image Forgeries
- The Best Directors of 2025
- Staying Ahead of the Fakes: A New Approach to Detecting AI-Generated Images
- Gold Rate Forecast
- 20 Best TV Shows Featuring All-White Casts You Should See
- The Glitch in the Machine: Spotting AI-Generated Images Beyond the Obvious
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- Umamusume: Gold Ship build guide
- Palantir and Tesla: A Tale of Two Stocks
2026-03-16 21:03