Micron: Valuation Is Still In The Dust

Kennedy Njagi1.58K FollowersFollow5ShareSavePlay(12min)Comment(1)SummaryI am still convinced Micron Technology deserves a Strong Buy, with Q1 2026 results validating its transformation into a key AI memory supplier.MU's revenue surged to $13.64B, gross margins hit 56.8%, and EPS soared 175%, with guidance implying even stronger growth ahead.AI-driven demand is creating a structural memory boom, making MU's high-performance DRAM and HBM mission-critical and driving pricing power.Despite record performance and a $100B TAM by 2028, MU trades at a steep valuation discount, offering substantial upside as the market misprices cyclicality. yasindmrblk/E+ via Getty Images Investment Thesis Let me cut to the chase. Micron Technology (NASDAQ:MU) is still a great Strong Buy. The company's earnings report confirms that since my last coverage of the stock. And the company isThis article was written byKennedy Njagi1.58K FollowersFollowKennedy is a GARP-themed investor with a bias towards companies with aggressive growth prospects, en route to becoming highly profitable in 1-2 years.His investment philosophy emphasizes long-term discipline, consistent alpha, and a pinch of salt (risk).He writes to empower the underprivileged and improve financial literacy.The Curious Analyst is an associate of Kennedy NjagiAnalyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.