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Could Micron Stock Turn $10,000 Into $30,000 This Decade?
Micron Technology, a memory chipmaker, is experiencing high demand for its high-bandwidth memory (HBM) due to the rise of AI applications. The company has sold out its HBM capacity for 2026 and projects a 40% compound annual growth rate for the HBM market through 2028. While tripling an initial investment by 2030 presents challenges, Micron’s current valuation suggests it’s not impossible, especially given its role in AI data centers and new AI-powered devices.