Micron Technology Inc. (NASDAQ:MU) could generate more than $640 billion in cumulative free cash flow through fiscal 2030 under a scenario modeled by Bank of America’s analyst Vivek Arya.
Free cash flow is the money left after a company pays its bills and builds its factories — the cash it can actually hand back to shareholders. Arya argues that artificial intelligence (AI) could make memory demand more durable, while disciplined supply and higher margins transform Micron’s earnings power.
