"The enthusiasm comes as Micron delivered remarkable Q1 FY2026 results, with revenue climbing 56.7% year-over-year to $13.64 billion and net income soaring 175.4% to $5.24 billion. The company's 38.4% net profit margin is stunning. Operating cashflow reached $8.41 billion in the quarter. Attention intensified following comments from Nvidia's CEO about AI storage demand, which sent memory chip stocks surging across the board."
"The viral content driving discussion centers on spectacular gains from options trades. One trader turned $23.6k into $577k with June 2026 $150 calls purchased in July 2025, posting a 2,344% return on r/wallstreetbets. In the post, the trader celebrated the massive gain, writing "23.6k to 577k for 2344% Gain in $MU 🚀" and shared screenshots of the position. The community responded enthusiastically, with one commenter writing "This is the kind of gain porn we come here for" and another noting "Congrats and fuck you.""
Micron's share price rose roughly 462% from a 52-week low to trade near $345 as retail sentiment on Reddit and X turned extremely bullish. Q1 FY2026 revenue increased 56.7% year-over-year to $13.64 billion and net income jumped 175.4% to $5.24 billion, producing a 38.4% net profit margin and $8.41 billion in operating cash flow. Nvidia CEO comments about AI storage demand intensified attention on memory chips. Viral posts celebrated large options gains while analytical metrics such as a forward PEG of 0.20 versus a sector median of 1.66, HBM leadership, and projected gross margins support the bullish narrative.
Read at 24/7 Wall St.
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