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Despite Thursday’s decline, Micron shares remain up substantially following a massive rally. As one of the clearest beneficiaries of the AI infrastructure buildout, the memory-chip giant has seen its stock soar 249% since the start of 2026 and a whopping 839% over the past year.
For those wary of wading in after such a run-up, Keithen Drury, a top investor ranked among the top 3% of stock pros tracked by TipRanks, believes the company’s upcoming fiscal Q3 earnings report on June 24 (May quarter) could create another opportunity for upside.
Several factors support that bullish outlook. AI demand continues to absorb most available memory supply, driving prices higher and creating conditions for another quarter of exceptional growth.
Micron’s revenue growth has accelerated significantly, with revenue increasing from $13.6 billion two quarters ago to $23.9 billion in its most recent quarter. The company has guided for $33.5 billion in revenue for the upcoming quarter, while Wall Street expects an even stronger $33.8 billion, representing 263% year-over-year growth. Drury believes that a meaningful earnings beat, along with guidance above $40 billion (analysts are calling for $39.6 billion), could trigger a positive post-earnings move in the stock.
