Three reasons why Micron ($MU) will soar to $4,000: 1. The 25-year curse is finally broken! DRAM has ended its 25-year price decline trend, with AI driving contract prices up 700% year-over-year. Increased HBM4 layers are causing a surge in wafer consumption, leading to structural supply shortages. 2. Industry allies are paving the way for Micron’s throne! The proportion of memory in data center capital expenditures is projected to rise from 8% in 2023 to 48% in 2027. From GPUs to Vera Rubin, memory costs have skyrocketed 435%. Among the three major DRAM manufacturers, Samsung and SK Hynix shifting to HBM is giving Micron a dual advantage. 3. Insane gross margins pushing valuation myths to 90% Micron’s Q3 revenue exceeded guidance by nearly $800 million, with gross margins hitting 85%. Q4 guidance forecasts $50 billion in revenue and 86% gross margins. FY2027 EPS expectations are set to be significantly revised upward, supporting a $4,000 target price at a 35x PE ratio.