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Micron Technology: Cheap Downcycle Valuation In An Upcycle Period [Seeking Alpha]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Summary Micron Technology is entering its upcycle with limited supply, growing demand and increasing product prices. All of its four end-markets are favorable tailwinds for the company now. It is quite cheap, with the similar cheap valuation to a downcycle period. Micron Technology (NASDAQ: MU Prices of DRAM and NAND are expected to move higher Several factors, including increasing demand for remote work globally due to the virus outbreak, low inventories, and tightening supplies, have led to the higher prices of memory products. DRAMeXchange currently forecasts Source: DRAMeXchange In the bear case, as growing demand and limited supply (due to capital spending cut) has a considerable gap, DRAM price is estimated to increase by 20%. NAND Flash price, on the other hand, would be down 5% if the demand drops significantly. Because DRAM is a biggest revenue contribution to Micron, taking account of around 67% of the total revenue All end-markets are favorable tailwinds for Micron Micron h
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NEWS
- Micron Technology to Report Fiscal First Quarter Results on December 18, 2024 [Yahoo! Finance][Yahoo! Finance]
- Micron Technology to Report Fiscal First Quarter Results on December 18, 2024[GlobeNewswire]
- Nvidia shares slump 3% in premarket as quarterly revenue growth slows [CNBC][CNBC]
- Micron (MU) Stock Moves 0.65%: What You Should Know [Yahoo! Finance][Yahoo! Finance]
- Here's Why Micron Technology (MU) Detracted in Q3 [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
SEC Filings
- 10/30/24 - Form 8-K
- 10/23/24 - Form 4
- 10/22/24 - Form 4
- MU's page on the SEC website
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