But that was not the only bombshell Micron dropped for investors in the earnings report it released on Sept.
There were plenty of other tidbits in it that make the stock a screaming buy.
Micron stock has soared by close to 500% over the past year as its profits have surged.
Another major announcement was that some of Micron's strategic customer agreements are starting to include purchase commitments extending through 2031.
All of this points to the likelihood that elevated memory chip demand could last for another five years.