# Memory Chip Maker Quietly Crushing It in AI Race

Micron Technology (MU) has been on an absolute tear—up 167% YTD—but here's the wild part: it might still be sleeping.

The company just posted **49% YoY revenue growth**, with adjusted EPS exploding from $1.30 to **$8.29** in fiscal 2025. All thanks to one thing: **AI data centers are starving for high-bandwidth memory (HBM)**, and Micron's basically the only one with inventory.

Here's what separates it from other chip plays—management said they'll **sell out their entire 2026 HBM supply soon**. Instead of panic-pumping production and killing margins, Micron's doing the opposite: staying disciplined, keeping supply tight, protecting profitability.

The kicker? **Trading at just 13x fiscal 2026 earnings**. That's dirt cheap for a company that could see record profits for years while the AI buildout continues.

One caveat: it's already up 167%. But if the AI datacenter boom really is a "multi-year thing" like management says, early chip suppliers with supply constraints usually see the biggest runway.

Not financial advice, but the math is interesting.