863 Labs
Independent equity research and analysis
The Anatomy of an 18.8x Cycle — Micron FY2023 to FQ3 FY2026

Micron Put Up the Perfect Three-Year Run

WEAK to STABLE to STRONG, then three more STRONG quarters. Filing-day tape from $64.59 to $1,213.56. Execution through the glut, then an AI cycle that filled the factory.

18 Aug 2026 · Note
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