Can Micron Become A $1 Trillion Company Before 2030?

"Micron ( NASDAQ:MU) might be one of the most undervalued AI stocks, despite more than tripling in value over the past year. The company's memory storage solutions are experiencing robust demand thanks to AI chips. Semiconductors can process AI workloads, but they need storage space to manage AI workloads over a long period of time. That's where Micron steps in, and the impact is already apparent based on recent financial results. This setup gives Micron a real shot at becoming a $1 trillion company by 2030."

"Micron's market cap makes it a contender for the trillion dollar club, but any company that wishes to achieve a 13-figure valuation must have the financial growth rates to back it up. Luckily, Micron delivers on that front. The memory storage provider generated $13.64 billion in Q1 FY26 sales, which represents a 57% year-over-year increase. Net income soared by 180% year-over-year to reach $5.24 billion, resulting in a 38.4% net profit margin. Soaring sales and rising margins are the perfect combination for long-term growth."

Micron benefits from strong AI-driven demand for memory storage because AI chips require substantial, long-term storage capacity. The company’s valuation is approaching $400 billion, placing it closer to a $1 trillion ceiling than many large peers. Q1 FY26 revenue reached $13.64 billion, up 57% year-over-year, while net income rose 180% to $5.24 billion, producing a 38.4% net profit margin. Management guidance for Q2 FY26 indicates continued gains across revenue, gross margins, EPS, and free cash flow. Sustained high sales growth combined with expanding margins supports the potential for significant long-term value creation.

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