Added to YB: 2026-10-16
Pitch date: 2026-10-14
MU [neutral]
Micron Technology, Inc.
+6.85%
current return
Author Info
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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
$871.58
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
turnaround
Why Is Micron Trading at Just 6x PE?
MU (overview): Micron trades at ~6x 2027 and 5x 2028 expected earnings, with cash near 20% of market cap, as AI demand and tight supply drive extraordinary growth. The biggest near-term driver is pricing: nine-month DRAM ASPs rose ~140% versus ~30% bit growth, while NAND ASPs rose ~130% versus low-20% bit growth. The unresolved question is whether AI creates structurally higher earnings or merely higher demand amplified by temporary scarcity and peak margins.
Read full article (6 min)