$Micron Tech(MU.US)Micron Technology's stock is experiencing a significant rise, primarily driven by the ongoing memory chip shortage and the AI hardware boom. Over the past year, the company's stock value has tripled, and it has risen over 40% in 2026. I predict that despite the stock price increase, Micron's valuation remains attractive, with profit growth outpacing the stock price increase. I expect Micron's earnings per share to grow by 300% in fiscal year 2026 and by a further 35% in fiscal year 2027. Compared to other tech stocks, Micron has a lower price-to-earnings ratio, indicating potential for continued growth.