# Micron Stock Climbs on AI Demand

> Micron's AI-driven chip demand could boost stock prices through 2029.
- Title: Micron Stock Climbs on AI Demand · The Motley Fool | Shortify
- Summary: Micron's AI-driven chip demand could boost stock prices through 2029. Micron's stock may rise 76% over five years due to AI chip shortages and strong pricing…
- Keywords: micron, ai chips, semiconductor, stock, memory bottleneck, forward p/e ratio, data centers, finance, money, Climbs, Demand, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/10/28/3-reasons-micron-stock-could-keep-climbing-from-he
- Author: Prosper Junior Bakiny
- Published: 2026-10-28T18:08:00+00:00
- Read time: 1 min
- Topics: micron, ai chips, semiconductor, stock, memory bottleneck, forward p/e ratio, data centers, finance, money
## Micron's results are excellent
Micron's revenue grew 379% year over year to $54.23 billion in Q4 2026.
## Memory bottleneck could persist
AI demand may cause memory chip shortages until 2029 or beyond.
## Valuation looks reasonable
Micron's forward p/e ratio of 5.05 suggests 76% cumulative return over five years.
## AI tailwind strengthens position
Micron's data center business grew to 33% of revenue from 14% in previous quarter.
## Guidance for next quarter
Micron expects $61.5 billion revenue for Q1 2027, a 351% year-over-year increase.
## Long-term upside potential
Micron's stock could deliver 12% annual returns through 2031 with strong pricing power.
## Key takeaway

Micron's stock may rise 76% over five years due to AI chip shortages and strong pricing power.