3 Winners From Micron's Huge Capex Guide

Uttam Dey5.8K FollowersFollow5ShareSavePlay(12min)CommentsSummaryMicron's surging capex, now guided at $25B for FY26, is catalyzing a construction boom in the memory industry, directly benefiting WFE vendors.LRCX, AMAT, and KLAC are best positioned to capitalize on elevated cleanroom and equipment spending by Micron and its peers.LRCX, AMAT, and KLAC trade at elevated multiples, but recent upward revisions in FY27 growth estimates suggest further upside remains.Key risks include customer capex cyclicality and China exposure, but I remain bullish on LRCX, AMAT, and KLAC given robust demand and revenue momentum. gustavofrazao/iStock via Getty Images Investment Thesis Last week was always going to be a big week for Nvidia (NVDA) and its ecosystem with the GTC26 event, but also for Micron (MU), which is one of theThis article was written byUttam Dey5.8K FollowersFollowUttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. Their newsletter gets regularly cited by leading publications such as the Wall Street Journal, Forbes, etc. Prior to publishing his research, Uttam worked in Silicon Valley, leading teams for some of the largest technology firms in the world, including Apple and Google.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.