Micron (MU) beat Q3 consensus by 18%, expanded gross margin to 85%, and guided Q4 revenue to a record $50B.
Sandisk (SNDK) and Western Digital (WDC) trade at forward P/Es of 26 and 18, versus Micron's strikingly cheap 6, signaling deep value or cycle risk.
Sixteen Strategic Customer Agreements lock in roughly $100B of minimum-priced revenue, giving Micron floor pricing CEO Mehrotra says exceeds any past cycle margin.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Micron Technology (NASDAQ:MU) closed the most recent session at $1,011.75, capping a 254.71% year-to-date run driven by an AI memory cycle that CEO Sanjay Mehrotra called a structural transformation of the industry.
#cycle #Margin
Sandisk (SNDK) and Western Digital (WDC) trade at forward P/Es of 26 and 18, versus Micron's strikingly cheap 6, signaling deep value or cycle risk.
Sixteen Strategic Customer Agreements lock in roughly $100B of minimum-priced revenue, giving Micron floor pricing CEO Mehrotra says exceeds any past cycle margin.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Micron Technology (NASDAQ:MU) closed the most recent session at $1,011.75, capping a 254.71% year-to-date run driven by an AI memory cycle that CEO Sanjay Mehrotra called a structural transformation of the industry.
#cycle #Margin
3 months ago
