MU
Micron just got the “numbers don’t lie” treatment
Ross Gerber of Gerber Kawasaki hopped on X and did the kind of back-of-the-napkin math that makes every growth-stock fan sit up a little straighter. His pitch: if Micron can earn about $57 per share in 2026, slap a 20x earnings multiple on it, and boom — you get roughly $1,140 a share.
That’s not a formal Wall Street price target, but it functions like one: a loud, public bull case from an investor with a microphone and a calculator. And when a stock has already sprinted about 179% this year, a fresh “this still has room to run” argument tends to keep the hype machine humming.
Why investors care
Micron’s rally isn’t coming out of nowhere. The company just posted fiscal Q2 2026 revenue of $23.86 billion, almost triple the $8.05 billion it reported a year ago, and management has been leaning hard into the idea that AI inference is sucking up serious amounts of memory.
That matters because Micron isn’t just riding a one-hit wonder trade. If AI keeps demanding faster, higher-capacity memory, the memory cycle could start looking less like a cycle and more like a very expensive lifestyle change.
The buzz train keeps rolling
The broader story around MU has gotten deliciously overcaffeinated:
- The stock just had its best week since December 2008.
- Shares jumped about 29% last week alone.
- Micron’s market cap has crept near $900 billion.
- It’s shipping the 245TB Micron 6600 ION SSD, which sounds less like a drive and more like a spaceship part.
Big picture: whether Gerber’s exact math is right is almost beside the point. The real takeaway is that Micron has moved from “memory chip company” to “AI infrastructure leverage trade,” and that’s the kind of narrative Wall Street loves to stretch until it squeaks.