Micron Q3 2024 Earnings: Brace For More Turbulence Ahead
MUMicron Technology(MU) Seeking Alpha·2024-06-29 00:32

JHVEPhoto Despite the robust showing for F3Q24, Micron Technology, Inc.’s (NASDAQ:MU) post-earnings pullback continues to underscore the lack of durability to its valuation premium at current levels as expected. As discussed in our previous coverage, we believe Micron’s valuation upsurge over the past year continues to reflect AI-driven growth expectations that are beyond what the company is capable of delivering. Specifically, we believe Micron’s upsurge over the past year continues to reflect robust indus ...