Why I Am Still Bullish On Micron

Kennedy Njagi1.26K FollowersFollow5ShareSavePlay(11min)CommentsSummaryI am upgrading Micron Technology to Strong Buy, driven by explosive AI-fueled demand for advanced memory chips.MU's HBM3E and HBM4 products are fully contracted for 2026, securing pricing power and multi-year growth visibility.Despite robust growth, MU trades at a steep valuation discount—FWD P/E of 9.8x vs. sector median 25x, and 46% EV/EBITDA discount.Primary risk remains memory cycle volatility, but current supply-demand dynamics and AI megatrends favor sustained outperformance. JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I initially banged the drum on Micron Technology (MU) with two Buy ratings since the second half of this year. Ratings that the market vindicated with approximately 107% and This article was written byKennedy Njagi1.26K 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.Recommended For You