NASDAQ:CHWY News 13 January 2026

January 27, 2026, 11:45 PM EST. Micron Technology (MU) is rapidly emerging as a leader in the AI memory hardware sector, critical for generative AI programs such as OpenAI's ChatGPT. While memory shortages drive prices higher-expected to rise 50% by Q1 2026-Micron's focus on DRAM and RAM positions it to benefit. The company exited consumer memory markets to prioritize AI-related demand, with cloud and data center revenue surging 57% year-over-year in Q1 fiscal 2026. DRAM sales made up 79% of revenue, up 69%, with strong margins: 45.3% gross profit and 28.15% net income. Despite robust growth and consistent earnings beats, Micron trades at a forward P/E of 11.6, unusually low compared to the sector median of 31.1, indicating potential undervaluation and growth opportunity.