Micron's expanded buyback and projected cash generation point to significantly more upside. JPMorgan projects over $100 billion in cumulative free cash flow from Micron, while Bank of America expects global memory-chip sales to surpass $2 trillion by 2030. Micron expanded its buyback authorization to $35.16 billion, with repurchases permitted starting December 9; DA Davidson raised its price target to $3,000. x.com 

Micron's path to buying back about half of its shares by 2029 is extremely bullish. Per UBS, cited by @techfund1, free cash flow of about $155B, $225B and $205B for 2027-2029 lays a path to repurchasing about 30% of the company over two years and potentially about half through 2029. UBS expects the market to reward Micron with a much higher P/E as gross margins likely hold above 65-70% through the cycle. Wall Street price targets should now reflect much higher P/Es. x.com  x.com 

Micron faces a severe crash risk from CXMT's current threat and apparent investor complacency after a euphoric high. If the Wall St Cheat Sheet fits, most of Micron's gains across 40 years, amassed in just one year, could be erased soon. Earlier, Elon Musk said Micron had been reasonable on future memory prices; memory stocks were not yet to be faded. x.com  x.com 

Micron's sold-out high-bandwidth memory through 2027+ and contracts already being signed for 2029-2030+ extend its earnings runway. At 5x forward earnings, it is cheaper than a year ago; its private Anthropic stake is about to be instantly rerated at Anthropic's IPO, and a new share buyback is expected to be announced Dec. 9. Micron could certainly gain 30% in three months. x.com  x.com 

Demand for Micron's products is through the roof, making its revenue surge only the beginning as it heads into 2027. The attached eight-quarter chart puts Q4 FY26 revenue at $54.2 billion, and Micron's gross margin is cited at 86%. A $100 billion revenue quarter could arrive in the not-so-distant future; the stock is a good bet here. x.com 

Buyers rushing into Micron's gap-down open show fear is still too limited for a sustainable low. They bought hand over fist, while the equity put/call ratio stood at 0.75; significantly more pain and fear are needed. x.com  x.com 

Micron's AI-driven cash generation looks outsized for its size amid market concern about debt risk. Its quarterly free cash flow has reached about $32.9B in under two years, above the peak quarters shown for Meta, Amazon, Google and Microsoft; only Nvidia and Apple have posted higher quarters, despite each being about five times Micron's size. x.com 

Micron has more catalysts ahead after a slight F4Q26 beat, as memory supply tightens further. Per GF Securities, revenue hit $54.23bn, up 379% YoY, and F1Q27 guidance of $61.5bn beat Bloomberg's $56.5bn. Management expects CY2027-28 supply to be tighter than 2026, with no rebalancing in sight and over 75% of 2027 output locked. Most 2027 HBM bits are contracted at sharply higher prices. GF sees HBM4 pricing beating expectations and larger shareholder returns from December driving the stock. … Show more

Financing risk makes AI-linked growth stocks unattractive to add here. Much of the money reaching suppliers such as Nvidia and Micron is financed, so harder funding would limit spending on chips, compute and memory. The buildout is not over, but stock prices could remain suppressed until it slows. A significant drawdown would make adding appealing; for many high-beta names with weak fundamentals and balance sheets, the highs look to be in. x.com 

Micron's latest quarter is strong enough that the stock should be up big. Cash rose from $30 billion to $73 billion in a single quarter, and guidance beat expectations by about $6 billion. x.com  x.com