Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAngelica BallesterosFri, June 26, 2026 at 5:11 AM GMT+2 2 min readMicron Technology Inc. (NASDAQ:MU) is one of the 9 Stocks Winning by Double Digits.Micron Technology soared to a new all-time high on Thursday, as investors gobbled up shares after reporting a stellar earnings performance in the third quarter of fiscal year 2026.In intra-day trading, its stock climbed to its highest price of $1,255 before trimming gains to finish the session just up by 15.81 percent at $1,213.56 apiece.micron Photo from Micron Technology websiteIn an updated report, Micron Technology Inc. (NASDAQ:MU) said that its net income for the period soared by 1,398 percent to $28.2 billion from only $1.88 billion in the same period last year, thanks to the strong demand from the artificial intelligence sector.Revenues also increased by 346 percent to $41.456 billion from $9.301 billion year-on-year."Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era," Micron Technology Inc. (NASDAQ:MU) Chairman, President, and CEO Sanjay Mehrotra said."Micron is investing at record levels in technology, products, and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron's strong financial performance," he noted.Following the results, Micron Technology Inc. (NASDAQ:MU) posted a highly optimistic outlook for the fourth quarter ending August 2026, with revenues expected at a midpoint of $50 billion, plus or minus $1 billion.While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info