Micron Growth Is Surging and the Stock Looks Dirt Cheap. But Is the Stock a Buy?
Key PointsMicron turned in another great quarter and the stock remains cheap.
Micron Technology (NASDAQ: MU) reported impressive fourth-quarter results after the market closed on September 30, 2026. The memory maker's revenue and earnings soared, and the company issued optimistic guidance. However, as predicted earlier, these strong numbers did not have a significant impact on how the stock performed in the following session.
Micron's stock had been a standout performer in the market, with more than a 250% increase in 2026 and over a 450% rise over the past year. Despite the stock's unusually cheap valuation, investor focus shifted towards the sustainability of Micron's earnings power rather than its near-term growth. This article will examine Micron's recent results and future prospects to determine whether the artificial intelligence (AI) stock is a worthwhile investment or a value trap.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
