How Parkev Tatevosian, CFA’s view on $MU changed

Nvidia and Micron are two of the companies benefiting most from the huge increase in spending on creating data centers. Micron's revenue increased by more than 4 x in its most recently completed quarter from the same time last year, while Nvidia's revenues have soared to approach $303 billion.

The analysts on Wall Street that are following Micron are forecasting the company's earnings per share to soar from a $1.23 in its fiscal year that ended in August of 2024, from a $1.23 all the way up to $171 in earnings per share by the fiscal year that ends in August of 2028.

That's a massive increase in earnings power in such a short amount of time, and investors are wondering if that makes Micron stock an excellent buying opportunity or where potentially Micron stock price could be by the end of 2027, which is actually the topic of this video.