Micron Technology is capitalizing on structural growth in AI, IoT, and 5G, which drive exponential demand for memory and storage. Its diversification into automotive and industrial applications adds resilience to its revenue streams. Micron’s strong focus on innovation, such as AI-optimized memory solutions and low-power memory for edge devices, enhances its competitive position. The company is also benefiting from global trends toward reshoring semiconductor production, supported by U.S. government incentives. With disciplined inventory management, improving supply-demand dynamics, and long-term contracts with major tech firms, Micron offers significant upside potential. Its attractive valuation and recovery prospects make it a solid buy.