• In July 2025, Micron Technology launched several breakthrough products, including the industry's first PCIe Gen6 data center SSD and the highest-density radiation-tolerant SLC NAND, targeting advanced AI workloads and space applications.
• These innovations position Micron as a leader in high-performance, energy-efficient memory solutions for both data center infrastructure and the expanding space technology sector.
• We'll explore how Micron's debut of PCIe Gen6 SSD technology for AI data centers shapes the company's growth outlook and industry positioning.

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Micron Technology Investment Narrative Recap

To be a Micron shareholder today, you generally need to believe that demand for advanced memory in AI and data centers will continue to outpace competitive and cyclical risks, allowing the company to maintain margin expansion and solid earnings growth. The recent launch of PCIe Gen6 and radiation-tolerant SSDs may support Micron’s data center ambitions, although near-term margin pressure from memory sector competition and the ongoing challenges in NAND remain top of mind and unaffected by these product announcements.

Among Micron’s recent achievements, the introduction of the industry’s first PCIe Gen6 data center SSD stands out for its impact on AI workloads. This product, offering double the sequential read performance of its predecessor, targets high-throughput, energy-efficient use cases in data center infrastructure, a critical growth catalyst as AI adoption accelerates.

Yet, in contrast, investors should also be aware of the continued margin pressure facing Micron’s NAND business as...

Read the full narrative on Micron Technology (it's free!)

Micron Technology's narrative projects $52.8 billion in revenue and $13.2 billion in earnings by 2028. This requires 16.0% yearly revenue growth and a $7.0 billion earnings increase from $6.2 billion today.

Uncover how Micron Technology's forecasts yield a $148.56 fair value, a 29% upside to its current price.

Exploring Other Perspectives

Forty members of the Simply Wall St Community estimate Micron’s fair value anywhere from US$71 to US$160 per share. While these estimates vary significantly, many are focused on AI-driven growth as a major performance driver for the company.

Explore 40 other fair value estimates on Micron Technology - why the stock might be worth as much as 39% more than the current price!

Build Your Own Micron Technology Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Micron Technology research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Micron Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Micron Technology's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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