The healthy demand for memory chips has led to a remarkable surge in this chip stock this year, and it could sustain its impressive momentum next year as well.

Micron Technology ( MU 0.37% ) stock has been in red-hot form in 2025. Shares of the memory specialist have nearly doubled so far this year as of this writing, and that's not surprising considering the pace at which its top and bottom lines have been growing.

Micron has been benefiting from the massive demand for memory chips that are deployed in data centers for tackling artificial intelligence (AI) workloads. At the same time, the company is on track to capitalize on the higher memory content in smartphones and personal computers (PCs), as these devices are now being equipped with bigger memory chips to run AI workloads

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