Micron Technology, Inc. (MU)

CoreWeave Says Its AI Demand Is 10 Times Its Capacity Through 2027. I Think Micron Stock Is Still Worth Buying.

CoreWeave reported strong Q3 results with 168% YoY revenue growth and $132.5B in backlog, raising its 2026 outlook. The AI cloud provider stated it has 10x more qualified demand than available capacity through 2027. While CoreWeave is not a direct Micron customer, the report signals strong data center demand. Micron remains supply-constrained through 2028, with pricing power likely to benefit more than volume growth. The analyst views Micron stock as worth buying at current valuations despite being down from its peak.

CNBC Halftime Report Final Trades: Micron Technology, Digital Realty Trust, Natera, Moody's

Prediction: This Will Be Micron's Stock Price by the End of 2027

Micron Technology has delivered exceptional financial results in 2026 with revenue up 256% and EPS up 811%, driven by AI infrastructure demand and memory chip shortages. However, recent U.S. midterm election results favoring stricter AI regulation pose risks to data center expansion and future demand. Analysts project the stock could reach $831 by end of 2027 (15% upside), though significant uncertainty remains around regulatory impact and when the memory shortage will end.

What Is Going on With Micron Stock on Thursday?

Micron (MU) stock fell over 5% Thursday after NVIDIA CEO Jensen Huang resigned. See how Nvidia’s leadership shakeup impacts Micron’s technicals and Wall Street outlook.

Why Micron Stock Dropped on Thursday

Nvidia CEO Jensen Huang resigned following reports of alleged affairs, causing Nvidia stock to plunge 5.9% and triggering a broader selloff in related semiconductor stocks. Micron stock fell 4.8% due to concerns that Nvidia's leadership crisis could slow AI chip demand, which would reduce demand for Micron's memory chips used in data centers paired with Nvidia GPUs. However, the author notes this is a risk rather than a certainty, as other AI chip makers could fill the gap.