Micron's NASDAQ: MU share price is wallowing at long-term lows and is deeply undervalued. It is undervalued because of its industry placement, growth outlook, and stock price, a measly 14x earnings.
Micron CFO Mark Murphy mentioned various factors that could weigh on margins for next quarter, but he also said that period should mark the low point.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
Micron's stock underperformed in 2024, but strong AI and cloud computing demand suggest a robust tailwind for the next few years. DeepSeek's cost-efficient AI models could boost overall AI adoption, increasing demand for Micron's memory solutions, despite initial investor concerns. Analysts project Micron's operating profit to grow from $9 billion in FY 2025 to $15 billion in FY 2026.
Micron's innovation and strategic partnerships, including with Pure Storage and TSMC, bolster its competitive positioning in the AI revolution. Strong financials with $7.5 billion cash and stable debt support Micron's growth initiatives; forward P/E ratio is highly attractive. Potential risks include competition from Samsung and geopolitical uncertainties, but Micron's multifaceted growth strategy remains compelling.
Micron (MU) closed at $94.51 in the latest trading session, marking a +0.97% move from the prior day.
In this video, I will cover the recent updates regarding Micron Technology (MU -1.36%) and the impact DeepSeek could have on the business. Watch the short video to learn more, consider subscribing, and click the special offer link below.
The latest trading day saw Micron (MU) settling at $91.24, representing a -1.36% change from its previous close.
Eric Ross, chief investment strategist at Cascend Securities, discusses Samsung's chip business and how it's being "leapfrogged" by SK Hynix and Micron in the DRAM market.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
Micron Technology's growth is driven by AI development and US government support, including a $6.1 billion agreement for new DRAM manufacturing plants. The company is a major player in DRAM and NAND markets, with significant revenue from data centers, PCs, and mobile devices. Despite competition, Micron aims to capture a 20%-25% share of the high-bandwidth memory market by 2025.
Many tech stocks are soaring sky-high in early 2025. The artificial intelligence (AI) boom that started about two years ago is going strong.