Micron (MU -5.63%) has been a great stock to own in 2026, but I’m betting it will rise even more by 2030. In fact, it could turn a $10,000 investment made today into a $42,000 position by then, and that’s on the conservative side of my estimated range. This may seem unrealistic, but the company’s path forward seems clear. Image source: The Motley Fool. Micron has a huge growth opportunity on its hands. The reason Micron has done so well in 2026 is that memory chip prices are skyrocketing. Basically, demand is much greater than supply and it is not possible to bring new production capacity online quickly. Simple economic theory dictates that when market conditions like that occur, the price of goods being sold skyrockets. That’s exactly what has happened in the memory chip space, and it will get worse before it gets better. Micron’s management team informed investors that it expects market conditions in 2027 and 2028 to be tighter than in 2026, so memory prices could continue to rise. For its fiscal 2027 year, which began Sept. 4, Wall Street analysts expect Micron to generate revenue growth of 106%. For fiscal year 2028, they are only projecting 16% growth, but it is too early to make accurate predictions for that year, especially considering how volatile the industry is right now. Analysts have also underestimated AI development every step of the way, so I don’t think it’s worth giving weight to their 2028 forecasts at this point. MU – Micron Technology $878.84-$52.40 (-5.63%) NASDAQ · As of 4:00 pm ET on 10/16/26, Micron has signed several long-term sales agreements with customers that will extend through 2030; Those deals indicate that huge demand for memory chips is on track to persist through the end of the decade, at least. Additionally, Micron has new manufacturing facilities opening in mid-2027 and late 2028, increasing its production capacity. So if memory prices stay high and Micron can increase its production, its revenue will continue to rise. For this projection, I’ll start with Wall Street’s $318 billion revenue projection for fiscal 2027, then assume Micron’s revenue will grow at a rate of 30% in the years ahead. That would result in nearly $700 billion in revenue by 2030. Thanks to rising memory chip prices, Micron’s profit margins are also at an all-time high. MU profit margin data by YCharts. If we add a bit of conservatism to this estimate and assume a long-term profit margin of 60%, that would yield net income of $419 billion by 2030. If we value the company at 20 times trailing earnings (its current P/E ratio is 13, but cyclical factors heavily influence that), that would result in the stock being valued at $8.4 trillion. That’s much bigger than what is the largest company in the world today. Even if we say it would be valued at 10 times earnings, that would result in a $4.19 trillion company. That would transform $10,000 into nearly $42,000 by 2030, making this stock an obvious buy.
