Demand is exploding for Micron's high-bandwidth memory, thanks to artificial intelligence.

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is one of the hottest stocks in the AI era. The shares are up by a whopping 690% over the past year and by 143% year-to-date.

Memory has gone from commodity to strategic asset, and Micron Technology (NASDAQ:MU | MU Price Prediction) has been the biggest beneficiary on the public markets. Shares have rocketed 828.56% over the past year,

The memory stock has achieved incredible gains, and its valuation may still not look all that expensive when factoring in its near-term growth prospects.

Micron Technology, Inc. (NASDAQ:MU) is one of the Top 10 Stocks That Will Profit from AI. The company is also one of the three major global memory manufacturers of High Bandwidth Memory (HBM3E), a critical component for the world’s most powerful AI GPUs.

Micron Technology remains undervalued despite explosive earnings growth and a pivotal role in the AI/data center supply chain. Read more on MU stock here.

The market has duly rewarded Micron stock for its impressive growth. However, an increase of more than 7x over the past three years has brought its stock price to around $450. Will this encourage Micron management to split the stock this year? Let's find out.

Micron (MU) stock erased nearly $100B in value before rebounding sharply. A director sold $1.57M in shares days before the volatile session. Full analysis.