Will Micron Split Its Stock This Year?

This article from The Motley Fool analyzes the possibility of Micron Technology executing a stock split in 2026. Micron's shares have surged over 7x in the past year due to phenomenal revenue and earnings growth driven by an AI-fueled memory shortage, but have recently pulled back 29% from a 52-week high. The author argues that with shares trading at around $900, a forward stock split (e.g., 10-for-1) could lower the per-share price to around $90, potentially boosting retail investor demand and arresting the recent slide. The article highlights Micron's attractive valuation at 19 times trailing earnings and a forward earnings multiple of just 5.5, noting that earnings increased 13x year-over-year last quarter. It also points to long-term supply agreements with Qualcomm and Harman, and industry forecasts from SK Hynix suggesting memory chip demand could outpace supply well beyond 2030, supporting continued growth.