Analyst says Micron could exceed a $300 billion annualized revenue run rate by 2028 as the AI chipmaker's stock continues its strong rally.

Micron stock surges after a blowout third-quarter report and breaks its base. But the stock's chart is flicking to a warning level.

Micron's record $41.5B Q3 revenue and multi-year HBM contracts signal a shift away from the boom-bust cycle that has spooked chip investors for decades.