Reports on January 11 highlighted Micron Technology’s record financial results. This performance is driven by robust demand for memory chips used in AI infrastructure.
Analysts point to the company’s strong financial health. They cite a high Altman Z-Score, which indicates a low risk of financial distress, alongside a solid balance sheet and efficient cost management.
This positive analysis follows multiple recent analyst upgrades. Furthermore, Micron announced a groundbreaking on January 16 for its new megafab in New York.
Financial firms, including Forum Financial Management LP, have increased their stakes in the company. However, reports also note significant insider selling over the past 90 days, and analysts caution that the stock’s valuation is high following its recent surge.