Micron: The Meltdown Is Not Over - Still Expensive Here
MUMicron Technology(MU) Seeking Alpha·2024-06-30 23:00

mcech We previously covered Micron Technology (NASDAQ:NASDAQ:MU) in April 2024, discussing why we had maintained our Hold rating, despite the excellent FQ2'24 earnings, promising FQ3'24 guidance, and numerous growth opportunities from the ongoing generative AI boom. With the stock pulling forward much of its upside potential and its dividend investment thesis underwhelming, we did not believe in chasing this stock over the cliff. Author Rating Seeking Alpha Well, we had rated MU as a Hold in four consecutiv ...