Professional
Added to YB: 2026-09-17
Pitch date: 2026-06-30
MU [bullish]
Micron Technology, Inc.
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, Japan, Mainland China, Hong Kong, Europe, and internationally.
Market Cap
$1.0T
Pitch Price
N/A
Price Target
N/A
Dividend
0.06%
EV/EBITDA
14.91
P/E
20.85
EV/Sales
11.30
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Opportunity Fund New Portfolio Holding: Micron Technology, Inc.
MU: Micron is increasingly central to AI as inference performance becomes constrained by memory bandwidth and capacity, creating a durable, multi-year demand tailwind expected to outstrip supply. Near-term scarcity supports pricing, while long-term customer supply agreements should improve demand visibility and dampen cyclicality. High-bandwidth memory and future products embedding controller logic could make Micron’s offerings more differentiated, proprietary and defensible, supporting earnings growth and a higher valuation multiple.
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