Micron's latest results show rapid revenue and profit growth, with gross margin at 87% and guidance for continued sequential growth. High-bandwidth memory is in short supply and AI compute infrastructure keeps expanding, putting the memory giant in an AI-driven boom cycle. Technically, today's shakeout saw volume expand and the chart may resume an upward wave, so Micron is favored to 1,200; a new high at 1,255 would support further upside.