The Memory of Exuberance Micron Technology, Inc. 's stock price has skyrocketed 673. 31% in the past year alone, making it a darling of the tech world.
Generation Investment Management's Global Equity Strategy team highlighted MU as one of their portfolio holdings in their second quarter 2026 investor letter, but with a caveat: many companies driving returns today are unlikely to sustain profitability.
At first glance, Micron's impressive numbers might justify the market's enthusiasm. With a market capitalization of $1.