Hold MU by Dec 27, 2026.

AI assistance disclosure: I used AI to condense and edit my original research. I verified the figures against Micron’s filings and investor materials. TL;DR: Micron is delivering extraordinary results as AI demand absorbs HBM and server DRAM supply. But at roughly a $1.24T market cap, the stock may already be pricing exceptional margins as the new normal. I currently view MU as a hold, not a pre-earnings buy. Micron’s fiscal Q3 2026 numbers were remarkable: - Revenue: $41.46B, up 346% …