Micron Technology (MU) reported fiscal Q3 revenue of $41.46 billion, surpassing consensus estimates by 17.6%, with EPS of $25.11, beating estimates by 23.79%. The company also announced 16 strategic customer agreements, locking in approximately $100 billion in guaranteed minimum revenue. Management guided fiscal Q4 revenue to $50 billion and EPS to $31. The stock has seen significant gains, up 665.88% over the past year and 227.05% year-to-date. Analysts from 24/7 Wall St. set a 12-month price target of $952.78 with a "hold" recommendation, while the broader Wall Street consensus target is $1,513.41. The article suggests Micron, with a 6x forward P/E, could outperform NVIDIA by 2027 as a lower-valuation AI memory bet.