Micron: A Completely Different Company From 2 Years Ago (Rating Upgrade)
Summary
Micron Technology, Inc.'s turnaround is remarkable, driven by surging demand for DRAM and NAND in AI and data centers, r...
Micron Technology, Inc.'s turnaround is remarkable, driven by surging demand for DRAM and NAND in AI and data centers, resulting in strong revenue and margin growth. Management expects continued momentum, fueled by AI adoption and massive capex from big tech, positioning Micron as a leader in high-bandwidth memory. Micron's robust financial position, improving profitability, and proactive U.S. expansion mitigate macro and geopolitical risks, enhancing long-term resilience.