Micron continues to tell investors that it no longer cyclical in this new, AI-driven market for memory.
In spite of that, Micron's trailing P/E is about two-thirds that of the NASDAQ 100. It's forward P/E is even more dramatically discounted: investors are only paying 20% the forward P/E they are paying on the rest of the NASDAQ.
This with a price of $1,065 after their quarterly earnings announcement in after-hours trading on 30 September 2026.
No comments:
Post a Comment