Micron Stock Could Still Have Nearly 70% Upside Potential Left in Its Tank

Micron Technology (MU) is one of the biggest winners from the artificial intelligence (AI) infrastructure boom. Thanks to the surging demand for AI infrastructure, the memory-chip maker has delivered eye-popping gains, climbing 965.6% over the past year and 266.6% year-to-date (YTD).

Despite this remarkable rally, analysts are bullish about Micron's prospects, and the run in MU stock may not be over. Strong AI-driven demand, favorable industry dynamics, improving profitability, and a compelling valuation indicate further upside for the stock over the next 12 months.