Micron: Reasonable Valuation On Massive Tailwind [Seeking Alpha]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Seeking Alpha
Memory chip market has entered a phase of sequential growth as a result of CAPEX cuts, AI datacenter demand, and growing consumer electronics demand. Micron's valuation is undervalued, with a reasonable forward price-to-earnings ratio compared to industry peers. Introduction In my previous article , I had a buy rating on Micron ( NASDAQ: MU ). At the time, my bullish thesis revolved around two main reasons. First, there were initial signs of consumer electronics demand recovery, which could positively impact Micron through a recovery in the memory chip demand. After a subdued demand environment throughout 2023, consumer electronics vendors were starting to see positive year-over-year growth at the time of writing. Further, signs of memory chip market recovery were starting to take shape after the memory chip makers including Micron aggressively cut the CAPEX. Today, I continue to stand by this reasoning supporting the bullish view, and I am maintaining a buy rating on Micron
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- AMD and Samsung Partner To Boos MI350 Chip Capabilities with Advanced Memory Tech [Yahoo! Finance]Yahoo! Finance
- Meet Nvidia's Canadian secret weapon [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Nvidia set to be featured on 60 Minutes [Seeking Alpha]Seeking Alpha
- US Megacaps to Lead Stock Rally Until Real Rates Bite, Says BofA [BNN Bloomberg (Canada)]BNN Bloomberg
- Beijing city to subsidise domestic AI chips, targets self-reliance by 2027 [Reuters]Reuters
NVDA
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- 2/21/24 - Beat
NVDA
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- 4/10/24 - Form 4
- 4/9/24 - Form 4
- 4/3/24 - Form 4
- NVDA's page on the SEC website