1 Reason Why Shares of Micron Technology Are Up This Week

• Micron announced its first-quarter 2026 net connected Dec. 17.

• The institution reported grounds gross and a sizable summation successful net per share.

• Micron trades astatine a little valuation than galore AI companies.

• 10 stocks we similar amended than Micron Technology ›

Micron Technology (NASDAQ: MU) had a beardown commencement to the vacation week, with shares rising 8% done marketplace adjacent Dec. 24.

That continues an fantabulous twelvemonth for the representation and retention company, which has seen its banal summation 240% truthful acold successful 2025. There's a circumstantial maturation catalyst down Micron's latest surge, and it bodes good for shareholders.

Last week, Micron released the net study for the archetypal 4th of its 2026 fiscal year; the 4th ended Nov. 27. The institution had its champion 4th yet, with grounds gross of $13.6 billion, up 57% twelvemonth implicit year. Micron's bottommost enactment was besides importantly higher, with adjusted net per stock (EPS) astatine $4.78 compared to $1.79 a twelvemonth ago, a 167% increase.

The results show the increasing request for Micron's representation products, which see high-bandwidth representation (HBM) chips, dynamic random-access representation (DRAM), and NAND flash memory. All these products person go important to fulfill the representation needs of artificial quality (AI) information centers. Investors were excited by the quality and pushed the banal up, continuing into this week.

Even aft its occurrence this year, Micron isn't peculiarly expensive. It presently trades astatine 27 times trailing earnings. For comparison, Nvidia trades astatine 47 times trailing earnings.

If you're looking for reasonably priced AI stocks, Micron is worthy considering. It's inactive somewhat risky, fixed the company's dependence connected AI. But with gross and profitability some increasing quickly, Micron could beryllium successful enactment for different palmy twelvemonth successful 2026.

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