Is Micron Stock a Buy at $1,000?

Micron stock hit an all-time high of $1,079 on June 3, driven by a memory hardware shortage as data center clients buy high-bandwidth memory and advanced DRAM. Second-quarter revenue soared 196% year over year to $23.86 billion, with gross margins rising to 74.7% and profits exploding 770% to $13.78 billion.