Micron Technology: Cheap Downcycle Valuation In An Upcycle Period [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: Seeking Alpha
Summary Micron Technology is entering its upcycle with limited supply, growing demand and increasing product prices. All of its four end-markets are favorable tailwinds for the company now. It is quite cheap, with the similar cheap valuation to a downcycle period. Micron Technology (NASDAQ: MU Prices of DRAM and NAND are expected to move higher Several factors, including increasing demand for remote work globally due to the virus outbreak, low inventories, and tightening supplies, have led to the higher prices of memory products. DRAMeXchange currently forecasts Source: DRAMeXchange In the bear case, as growing demand and limited supply (due to capital spending cut) has a considerable gap, DRAM price is estimated to increase by 20%. NAND Flash price, on the other hand, would be down 5% if the demand drops significantly. Because DRAM is a biggest revenue contribution to Micron, taking account of around 67% of the total revenue All end-markets are favorable tailwinds for Micron Micron h
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MU
News
- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times]The New York Times
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance]Yahoo! Finance
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha]Seeking Alpha
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- MU's page on the SEC website