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Story summary
- Micron Technology's stock has surged 313% over past year, lifting its market cap to $463 billion.
- The company could reach a $1 trillion valuation by the end of 2026, driven by AI data centers' demand.
- S&P Global forecasts 70%–100% rise in dynamic random access memory (DRAM) prices in 2026, boosting Micron's earnings 306% this year.
- Analysts expect earnings of $39.80 per share this year, implying a stock price near $995.
