Demand for the memory maker's products is likely to remain strong for the foreseeable future. After such a significant run-up over a relatively short period, you might wonder if the tech stock has peaked. But according to the company's CEO, there could still be plenty of runway left for the business and the stock. Given the overwhelming demand from enterprise customers, focusing on them could also help strengthen its margins in the process. Trading at 38 times earnings, Micron's stock may not look so cheap.