Will Micron Be a Trillion Dollar Stock by 2030? The answer is Yes.

Quick read

• Micron ( MU ) reported fiscal first quarter 2026 revenue of $13.643 billion, up 56.6% year over year. Non-GAAP EPS was $4.78, beating the consensus of $3.94, while Q2 guidance is for revenue of $18.70 billion on a non-GAAP memory HBM gross margin of 68%.

• Micron has a trade price of $766.58 and a 12-month price target of $433.93 due to a 732% year-over-year increase, but a 5-year bull case projects the stock to reach $1,054.41 by 2030 if the AI ​​memory supercycle holds and the company implements HBM’n4 and new manufacturing facilities.

• An analyst who called NVIDIA in 2010 only named his top 10 stocks, and Micron Technology was not one of them. Get them here for FREE.

Micro technology (NASDAQ: MU) is trading at $766.58 for a market capitalization of $896.92 billion, putting the only US memory maker within striking distance of the $1 trillion club. Our 24/7 Wall St. price target for Micron is $433.93 over the next 12 months, implying a downside of 43.39% after a parabolic run. Confidence is high, 90%. Still, on a five-year horizon, our bull story will cross $1,000 by February 2030. The answer to the title is yes. The path is bumpy.

Why we could be wrong

Before we go any further, our 12-month 24/7 Wall St. price target is well below Micron’s current trade, and that gap deserves respect. Order books extend to 2027, HBM4 supply for calendar 2026 is already sold out in terms of price and volume, and management claims that memory supply will not meet demand in the near future. Treat the object as a single data point. The detailed bull case below explains why Micron was able to consistently defy gravity.

732% year sets the stage

Micron is up 732.64% over the last year, 168.71% year to date, and 82.26% in the past month alone. Shares are 30% below the 52-week high of $818.67 and the 52-week low of $90.71. For the first quarter of fiscal 2026, revenue was $13.643 billion, up 56.6% year-over-year, and non-GAAP EPS was $4.78, beating the consensus estimate of $3.94. Q2 guidance calls for revenue of $18.70 billion with a non-GAAP gross margin of 68%.

An analyst who called NVIDIA in 2010 only named his top 10 stocks, and Micron Technology was not one of them. Get them here for FREE.

Thing at $1000+ by 2030

CEO Sanjay Mehrotra projects HBM TAM to grow at a CAGR of around 40% to $100 billion by 2028, a milestone in two years now. Micron can only meet 50-2/3 of demand from key customers, and management says the gap between supply and demand for DRAM is the widest it has ever seen.