Aanchal Sugandh
4 min read
In This Article:
Micron Technology (MU) has turned the page on the industry’s bleak past, stepping into 2024 with renewed strength and strategic clarity. After the deep slump of 2022 to 2023, the global memory market has rebounded sharply, reaching $170 billion in revenue according to Yole Group.
The revival has been largely powered by artificial intelligence (AI) training demands in data centers, where high-bandwidth memory (HBM) has taken center stage. With its superior performance and pricing power, HBM continues to outshine the broader dynamic random-access memory (DRAM) segment, with its revenue expected to “nearly double” this year to around $34 billion.
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At the core of this growth story is Micron. Its advanced offerings are engineered specifically for high-performance computing and AI applications. Beyond product innovation, Micron is backing its ambition with major capital, pledging $150 billion for U.S. memory manufacturing and another $50 billion for research and development.
With third-quarter earnings lined up for June 25 and MU stock brushing a 52-week high of $144.07, Micron’s next steps are drawing serious investor attention.
Headquartered in Boise, Idaho, Micron has cemented its place as a formidable player in the global memory and storage market. With a market capitalization of $136.4 billion, it operates under the Micron and Crucial brands, delivering DRAM, NAND and other products sitting at the heart of cutting-edge AI and compute-heavy applications.
In 2025, MU stock has staged a stellar rally, climbing 52% year-to-date (YTD). The last month alone has added 37% to its tally, painting a picture of strong investor confidence and upbeat momentum.
Trading at 19.6 times forward earnings, MU stock commands a valuation well above sector averages and comfortably above its own five-year norm, a clear signal of market optimism and long-term faith.
The company also continues to reward shareholders steadily. Micron offers an annual dividend of $0.46, translating to a yield of 0.38%. The latest quarterly dividend of $0.12, which was payable on April 15 to shareholders on record as of March 31, underlines Micron's steady commitment to investor returns.
