Added to YB: 2026-01-08
Pitch date: 2026-01-06
MU [bullish]
Micron Technology, Inc.
-0.34%
current return
Author Info
No bio for this author
Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.
Market Cap
$351.3B
Pitch Price
$340.71
Price Target
480.00 (+40%)
Dividend
0.15%
EV/EBITDA
15.70
P/E
29.62
EV/Sales
8.31
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Micron - The Librarians' Dilemma: How AI Broke the Memory Market
MU: AI shifted constraint from compute to memory-bandwidth. HBM demand exploding (40GB/user for context, 400GB for video gen) but supply constrained by CoWoS packaging (18-24mo), qualification lock-ins (18-42mo), fab timelines (3-5yr). HBM cannibalizes DDR 3:1 ratio worsening shortage. Geopolitical bifurcation adds premium. 68% gross margins guided vs historical 35-40%. Non-fungible custom HBM breaks 40yr commodity cycle. Base case $280-320 fair value vs $286 current.
Read full article (12 min)