Micron: Exposure To AI Tailwinds At A Cheap Valuation
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Micron Technology is poised for growth driven by AI and its strong DRAM segment, despite weak Q2 guidance and NAND demand. The company expects revenue growth through 2026, supported by higher bit shipments and ASPs, with HBM memory aiding margin expansion.
January 20, 2025 | 2:15 pm
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Micron Technology's AI-driven growth and strong DRAM segment are expected to offset weak Q2 guidance. The company anticipates revenue growth through 2026, driven by higher bit shipments and ASPs, with HBM memory contributing to margin expansion.
Micron's focus on AI and DRAM positions it well for future growth, despite current challenges. The expected revenue growth and margin expansion through 2026 indicate a positive outlook, making the stock likely to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100