True or not? Buy opportunity? Analysis from the MarketDevil ... Europe

$Micron Technology(MU.US)$ Micron Technology is one of the leading suppliers of DRAM and NAND memory used primarily in PCs and data centers. The stock is doing well this year due to the demand for powerful memory modules for AI servers.
The memory and storage markets are notorious for their cyclical fluctuations in demand and prices. Last year, plummeting memory prices were the main reason the semiconductor industry reported an 8% decline in sales. But AI is pulling Micron's business out of the doldrums, causing the company's revenue to rise 58% in the last quarter compared to last year. More growth is expected, because now there is a shortage again. Prices and profits can therefore increase.
An oversupply is lurking again, but the PC market for consumers is also recovering. AI could mean record sales and profits for Micron: the current consensus estimate puts earnings per share at $1.02 this fiscal year and rising to more than $9 next year.