Micron Technology (NASDAQ: MU) saw an 8% stock increase during the holiday week, adding to a 240% gain for the year. The company released its Q1 2026 earnings report, showing record revenue of $13.6 billion, a 57% increase YoY. Micron’s EPS also rose 167% to $4.78. Demand for memory products like HBM, DRAM, and NAND flash memory continues to grow, driven by AI data centers. Micron remains relatively affordable with a trailing P/E ratio of 27. The company’s success in 2025 positions it well for further growth in 2026. Investors should consider Micron as a reasonably priced AI stock with strong growth potential. The Motley Fool Stock Advisor team identified the top 10 stocks for investors to buy now, with Micron not included. Their previous picks have shown significant returns, outperforming the S&P 500 by 986%. Join Stock Advisor for access to the latest top 10 list and be part of a community focused on individual investors.

Read more at Yahoo Finance: 1 Reason Why Shares of Micron Technology Are Up This Week