When it comes to investing, timing and insight are everything. With Micron Technology’s next earnings report just around the corner, many investors are asking the same question: Should you buy Micron Technology stock before Sept. 23? To answer that, let’s dive into Micron’s role in the booming AI industry, its financial growth, and what analysts are predicting.
Micron Technology Stock and the AI Revolution
Artificial intelligence is reshaping industries across the globe, and none of it would be possible without powerful hardware. Nvidia may be the star of the AI world, but Micron Technology stock is quietly gaining strength thanks to its advanced high-bandwidth memory (HBM) solutions.
Micron’s HBM is the backbone of Nvidia’s latest GPUs, including the Blackwell and Blackwell Ultra models. Without Micron’s memory, these chips would not be nearly as powerful or efficient. Since GPUs rely on memory to process massive AI workloads, Micron is positioned as an indispensable partner in the AI ecosystem.
Why Micron Technology Stock Benefits Beyond Data Centers
Micron’s opportunity doesn’t stop at data centers. As personal computers and smartphones integrate AI capabilities, the demand for memory has skyrocketed. For example, AI-ready smartphones now require at least 12 gigabytes of memory, up from just 8 gigabytes in older models. That’s a 50% increase in capacity, and it directly boosts revenue for Micron.
In PCs, the same trend is unfolding. More memory is needed to support local AI processing, making Micron a leader not only in data center innovation but also in consumer technology. This dual presence expands the growth potential for Micron Technology stock.
Micron’s Strong Revenue and Earnings Growth
Micron reported $9.3 billion in revenue during the fiscal 2025 second quarter, up 37% from the year before. Its compute and networking segment, which includes AI-related memory sales, nearly doubled to $5.1 billion.
The fourth quarter looks even more promising. Micron guided for $10.7 billion in revenue, but Wall Street expects the number could be closer to $11.1 billion, reflecting a 43% increase year-over-year. If Micron meets or beats these expectations on Sept. 23, the stock could see a significant rally.
Earnings are also surging. Non-GAAP EPS hit $1.91 in the third quarter, a 208% jump from last year. For Q4, guidance points to $2.50 per share, which would mark another impressive 112% growth.
Valuation of Micron Technology Stock Compared to Nvidia
At first glance, Micron Technology stock looks undervalued compared to its peers. Based on trailing 12-month earnings of $6.44, Micron trades at a P/E ratio of 24, while Nvidia trades at a P/E ratio of 50.
This valuation gap gives investors an opportunity. By investing in Micron, you gain exposure to the AI boom at a lower price point than Nvidia, while still benefitting from Nvidia’s growth since Micron’s memory is embedded in its chips.
Micron Technology Stock and Industry Demand
Nvidia CEO Jensen Huang recently predicted that data centers will spend $4 trillion upgrading their infrastructure over the next five years. Since Micron’s HBM is essential to Nvidia’s and AMD’s AI chips, the company is positioned to capture a sizable portion of that spending.
Even if Nvidia’s dominance faces competition from AMD, Micron wins either way. AMD is already using Micron’s HBM3E technology in its new MI350 GPUs. This ensures that Micron’s growth is not tied to one company but rather to the overall demand for AI hardware.
Should You Buy Micron Technology Stock Before Sept. 23?
The question on many investors’ minds is whether to buy Micron before the earnings release. Short-term gains are possible if Micron beats expectations, but long-term growth looks even more compelling.
Micron’s memory technology is essential for AI, its revenue and earnings are accelerating, and its stock valuation is attractive compared to peers. While one quarter may not make or break the company’s trajectory, buying ahead of Sept. 23 could give investors an early advantage.
FAQs About Micron Technology Stock
- Why is Micron important for AI?
Micron provides high-bandwidth memory (HBM) for Nvidia and AMD GPUs, which are essential for handling massive AI workloads. - What makes Micron different from Nvidia?
Nvidia produces GPUs, while Micron provides the memory that powers them. Micron Technology stock offers exposure to AI growth at a lower valuation. - Is Micron only focused on data centers?
No, Micron also supplies memory for AI-enabled smartphones and PCs, broadening its market reach. - How strong is Micron’s growth?
Revenue rose 37% year-over-year in Q2 2025, and Wall Street expects 43% growth in Q4. Earnings per share are also surging at triple-digit rates. - Is Micron stock undervalued?
Yes, Micron trades at a P/E ratio of 24, much lower than Nvidia’s 50, making it attractive for investors seeking AI exposure.
Final Thoughts on Micron Technology Stock
Micron may not get the same headlines as Nvidia, but its role in AI is just as crucial. Its memory solutions are fueling the chips that power the future of artificial intelligence. With strong earnings growth, expanding markets, and an attractive valuation, Micron Technology stock looks like a smart buy before Sept. 23.
For investors thinking long-term, Micron offers an opportunity to invest in the backbone of AI innovation. Whether or not the upcoming earnings spark a short-term rally, the company’s future in AI remains bright.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
