Added to YB: 2026-10-01
Pitch date: 2026-09-26
MU [bullish]
Micron Technology, Inc.
-13.45%
current return
Author Info
Nishant Chandra is the founder and solo manager of Chandra Capital. They invest in undervalued businesses across the globe.
Company Info
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally.
Market Cap
$1.1T
Pitch Price
$1.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
growth
The AI Memory Bottleneck: Why I Prefer $MU
MU: Micron is the preferred liquid U.S.-listed exposure to tight DRAM supply, rising contract prices and AI-driven HBM demand. Fiscal Q3 revenue rose to $41.46B from $23.86B sequentially, with an 84.6% gross margin; next-quarter guidance calls for roughly $50B and 86%, while HBM4 is shipping in volume. The case weakens if capacity arrives faster than expected or soft spot demand spreads to server products and contracts; valuation still needs checking.
Read full article (5 min)