Micron Technology Surges 4.5% Pre-market, Continues to Hit All-Time High

Micron's third-quarter revenue, net income, and gross margin reached an all-time high, with a gross margin of 84.9%. The after-hours stock price rose by 14%. The company stated that it has entered into long-term price lock agreements with mega-scale customers and anticipates that the tight memory supply will persist beyond 2027.

Micron, which has surged 850% in the past year, why is it still considered a "bargain"?