Micron: This Chronically Undervalued Stock Is A Strong Buy
Micron Technology(MU) Seeking Alpha·2024-09-17 13:54
koto_feja/E+ via Getty Images Micron Technology (NASDAQ:MU) shares have had a rough few months over fears that the memory upcycle may be stalling, and that AI demand could slow, which has led to a 40%+ selloff from 52-week and all-time highs. After spending much of fiscal year 2023 underwater (negative EPS in each quarter) due to low average selling prices from a memory supply glut, the last thing the company needs is a market shock to derail the ongoing recovery we have witnessed so far in FY2024. Howe ...