Management sees its addressable market expanding at a rapid clip.Micron Technology (MU +10.52%) stock exploded to new highs in the second half of 2025. The memory chip supplier looks very tempting from a valuation perspective, trading at just about 9 times this year's earnings estimates.However, this is historically a very cyclical business, with swings in demand and selling prices causing lumpy financial results. Nonetheless, there is one reason that Micron stock might have more upside for investors in 202 ...