Micron (MU) Hits $700B Milestone: Can AI Break the Memory Cycle?

Micron (MU) has surpassed a $700 billion market cap, fueled by a historic 700% annual rally and the launch of its record-breaking 245TB SSD for AI data centers. As high-bandwidth memory remains sold out through 2026, analysts weigh whether AI has permanently broken the industry’s boom-bust cycle or if the stock has entered overvalued territory.