Micron trades at valuations anticipating a decline despite reporting record memory profits
MU Micron Technology Inc
$798.44 -1.59%
View chart & analysis → - 1Micron is reporting record memory profits.
- 2Investors are trading at valuations anticipating a decline.
- 3Accelerating AI demand and multi-year contracts are expected to be a test for the memory cycle.
So what's the key point?
Micron has achieved record-breaking profits in the memory sector. However, because the metrics used to judge if the stock price is expensive relative to earnings have lowered, investors are expecting the stock price to fall.
Source The Motley Fool +1 · View original ↗
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