MU's quarterly revenue growth stood at 46.0%, compared to AMD's 35.6%. Furthermore, its revenue growth over the last 12 months was 48.9%, outpacing AMD's 31.8%. MU's LTM margin is superior: 26.2% compared to AMD's 9.4%.

The chip maker has been a victim of souring AI sentiment lately, but its upbeat outlook has Wall Street feeling better about the path forward.

Wall Street praised Micron's stellar Q1 earnings. Morgan Stanley said the results were among the biggest surprises in the history of the chip sector.

This surge is primarily fueled by the boom in Artificial Intelligence (AI) infrastructure and its wider impact on the memory market.

Micron Technology (NASDAQ:MU) is scheduled to release its fiscal first-quarter earnings today after the market closes, and Wall Street is expecting nothing short of spectacular. It follows on the heels of an already impressive year that saw shares surge 176% in 2025,

Unsurprisingly, Micron stock is soaring after the company reported stellar financial results. Prospective investors, however, will want to avoid following the herd and conduct thorough due diligence to determine if the stock is a suitable match for their investment goals.

Micron’s high bandwidth memory (HBM) chips — a type of DRAM, or dynamic random access memory — are a crucial part of AI server systems, storing data temporarily and rapidly feeding it to GPUs (graphics processing units) as they train and run AI models. The company is a major supplier of memory to AI chip giant Nvidia ( NVDA ).

Micron reports a strong Q1 and issues upbeat guidance for the future. MU shares are trading at an attractive valuation heading into 2026.

A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.

Micron's cheaper valuation is driven by significant upward revisions to forward revenue and earnings consensus. Learn more about MU stock here.

After a strong run-up this year, Micron is winning fresh confidence from Wall Street bulls like Needham. Should investors chase the momentum, or wait for a better entry?