Micron Revenues Could Triple Again By 2030. Here's the Math.

Micron Technology posted a record quarter with $41.46 billion in revenue, up 345.72% year over year, and GAAP gross margins of 84.6%, but the stock still sold off after the results. Shares slid 15.48% over the past week and 27.53% over the past month, dropping from more than $1,132 to $820.53. The article links the move to a sector reaction after China’s DRAM maker CXMT listed in Shanghai with a debut up 466%, pushing its market cap above Intel. It cites a market-wide selloff impacting Micron and peers such as SanDisk and Western Digital. The piece discusses Wall Street targets, Micron’s guidance (Q4 revenue $50 billion; $31 non-GAAP EPS), and risks including a repeat of the 2023 memory trough.