Micron: This Cycle Might Shock Everyone

Micron Technology remains a compelling long-term investment, with fundamentals strengthening despite recent sector-driven stock volatility. MU benefits from surging AI memory demand, multi-year customer agreements, and sold-out HBM4 capacity through 2026, supporting robust pricing power.

Why it matters: My updated DCF model yields a fair value of $1,574 per share, above both current levels and the street's $1,513 target, driven by higher revenue assumptions.