Micron Technology (NASDAQ: MU) just closed out one of the strangest, most extraordinary fiscal years a chipmaker has ever posted. Revenue in its fiscal 2026 hit $133. 2 billion, up 256% from the year before, earnings soared almost tenfold from $7. 59 per share to $74. 33 per share, and the company went from an afterthought in most portfolios to a roughly $1. 1 trillion megacap in the space of about 18 months. I feel like I've spent the entire year checking this ticker, only to see the stock post consistently breathtaking gains. Before getting into what $2,000 invested in it today might look like in 2029, it's worth understanding exactly what this company is up to.
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