Doing the Math: How Micron Stock Could Reach $2,100 by 2028

The artificial intelligence boom has created a bottleneck few investors anticipated. GPUs get the headlines, but memory has become the fuel powering the entire AI ecosystem. Every new AI server requires dramatically more high-bandwidth memory (HBM), DRAM, and advanced storage than previous generations. At the same time, supply remains constrained because these products take years to bring online.

That dynamic has transformed the memory industry from a cyclical commodity business into something much more strategic. Few companies are better positioned to benefit than Micron Technology (MU). A $2,100 share price by 2028 appears achievable if current demand trends continue and management executes on its expansion plans.